Sarath Chandra Reddy is the current Whole-Time Director of Aurobindo Pharma, have a look at his family, father and wife
Find out more about him and his arrest.
The Enforcement Directorate detained Delhi Chief Minister Arvind Kejriwal on 21st March in relation to the alleged Delhi liquor policy scam.
Who is Penaka (P) Sarath Chandra Reddy director of Aurobindo Pharma, biography, age, family, wife and father
However, just before his arrest, something shocking related to him came to light. According to reports, P Sarath Chandra Reddy, another accused in the Delhi liquor scam, donated Rs 5 crore from his company to the BJP in 2022 in the form of electoral bonds.
Delhi CM Kejriwal was arrested yesterday by ED in the Liquor policy case.
Here's an Electoral Bond revelation. One of the main accused (Pinaka Sarath Chandra Reddy of Aurobindo Pharma) in the case, who turned approved gave Rs 62 crore via bonds of which Rs 44.5 crore went to the… pic.twitter.com/IjaarDbwRf
— Mohammed Zubair (@zoo_bear) March 21, 2024
Reports also added that, after becoming an approver, Reddy gave the BJP an additional Rs 25 crore. In November 2022, Reddy, a director of Aurobindo Pharma Limited, was taken into custody due to his involvement in the liquor scam. Shortly after his incarceration, his business purchased Rs 5 crore worth of election bonds that the BJP had redeemed.
Aurobindo Pharma purchased bonds totaling Rs 52 crore, of which Rs 34.5 crore was given to the BJP. Sarath Chandra Reddy faces accusations from the Enforcement Directorate that he helped arrange bribes in the liquor licensing procedure in Delhi.
According to the Enforcement Directorate, Reddy and K. Kavitha were part of the “South Group,” which is accused of using Vijay Nair to smuggle in payments of Rs 100 crore to the Aam Aadmi Party in exchange for the 2022 Goa Assembly elections. This group’s other members also become approvers.
For the uninitiated, the Delhi liquor policy of the Aam Aadmi Party, which was in effect from November 2021 to July 2022, came under investigation for possible irregularities and bribes. Since then, under the Prevention of Money Laundering Act, the Enforcement Directorate has conducted investigations.
Now, this new information, related to one of the accused, again sheds light on the whole alleged Delhi liquor policy scam and the use of electoral bonds. Due to this, Sarath Chandra Reddy has become the talk of the town, with many people trying to find out more about him. So, let’s find out everything about him:
Who is Sarath Chandra Reddy?
Sarath Chandra Reddy is a Hyderabad-based businessman. He has been in the news because, while implicated in a Delhi liquor scam, he donated Rs 52 crore to the BJP in the form of an electoral bond.
He was born and raised in Hyderabad, Telangana. His father’s name is P V Ram Prasad Reddy, a founder of Aurobindo Pharma.
Sarath Chandra's companies bought electoral bonds worth Rs 62 crore, of which Rs 44.5 crore went to the BJP. Interestingly, Sarath Chandra Reddy's donation to BJP through electoral bonds after he was turned approver in ED's liquor policy case was 35 cr. #ArvindKejriwal https://t.co/5NJirOBESO pic.twitter.com/aVqAADcKuo
— Mohammed Zubair (@zoo_bear) March 22, 2024
Although not much is known about his family, it is known that his brother Rohit Reddy is the son-in-law of former Rajya Sabha MP for the Yuvajana Sramika Rythu Congress Party (YSRCP), V Vijaysai Reddy.
Interestingly, he is also the son-in-law of K Nithyananda Reddy, the managing director of Aurobindo Pharma.
Kanika Reddy is 39 year old Sarath Chandra Reddy’s wife. She established a company with named Jet Set Go Rs.5,600 investment and it reached a turnover of Rs 500 million within ten years. Five years ago, she became a leading entrepreneur in Asia in the Forbes under thirty category and was born in a Marwari family in the town of Bhopal, Madhya Pradesh.
Kanika is an Economics graduate and has done her Diploma in Visual Communication and Design in Mumbai and pursued her MBA in London. She was diagnosed with cancer at the age of 22.
His career
On the company’s official website, Sarath Reddy is listed as a second-generation entrepreneur, a graduate of business administration, and a member of the promoter group. In addition to Aurobindo Pharma, Sarath Reddy has ties to more than a dozen companies.
Prior to being purchased by Aurobindo Pharma, Sarath Chandra Reddy led Trident Life Sciences Ltd. His current position at Aurobindo Pharma is Whole-Time Director. Globally, Aurobindo Pharma is a significant player in the pharmaceutical industry.