*Hyderabad, September 27, 2024* — In a major development, Enforcement Directorate (ED) teams are conducting raids at the residence of Telangana Minister Ponguleti Srinivas Reddy in Hyderabad. The raids, which began early Thursday morning, are part of a larger operation involving 16 teams from Delhi, targeting a total of 15 locations simultaneously.According to sources, these raids are linked to allegations of financial irregularities and possible money laundering, particularly during the previous election period. This is not the first time Minister Ponguleti has come under the ED’s radar, as similar raids were conducted at his residence during the election season.The ED has remained tight-lipped about the details of the investigation, but it is speculated that the raids are part of a broader inquiry into financial dealings involving high-profile figures in Telangana. The searches are ongoing, and more information is expected to emerge as the operation unfolds.