Hyderabad, Aug. 1 -- Directorate of Enforcement (ED), Hyderabad Zonal Office has conducted search operations at eight locations in Hyderabad under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in connection with financial irregularities in the implementation of 'Sheep Rearing Development Scheme (SRDS)' in the state of Telangana.

Searches were conducted at the premises of G Kalyan Kumar (OSD to the then Animal Husbandry minister Thalasani Srinivasa Yadav) as well as certain beneficiaries and middlemen identified during ED investigation.

The ED initiated investigation on the basis of FIRs registered by Anti-Corruption Bureau (ACB), Hyderabad. In one FIR, it was alleged that after the formation of the new Government...