The raid, which continued for nearly 11 hours, reportedly resulted in the recovery of a substantial cache of cash, along with gold, silver, and diamond jewellery. Officials also seized multiple electronic devices and key financial documents during the search operation carried out as part of an ongoing investigation into alleged irregularities in government tender allocation.
According to officials, Rishu Shree has been accused of manipulating government tender processes to secure contracts in favour of his own company through unfair and unlawful means. Investigators further suspect that certain public officials may have been influenced through illicit incentives, including foreign trips allegedly arranged for individuals involved in the tender approval process.
Sources confirm that bundles of cash were recovered from the premises, alongside high-value ornaments made of gold, silver, and diamonds. The seized financial records and banking transaction details are currently undergoing detailed scrutiny as investigators attempt to establish the extent of the alleged irregularities.
The SVU has detained the contractor for further interrogation at its office, while the investigation continues to expand. Authorities are also examining whether senior government officials may be implicated in the widening probe.
Preliminary allegations suggest the existence of a structured network involving commission-based manipulation of tender allocations, with claims that fixed percentages were exchanged to secure contracts. Officials have stated that electronic devices seized during the raid are being subjected to forensic analysis to trace financial transactions and communication trails linked to the alleged scam.
The investigation remains ongoing, with officials indicating that further arrests and revelations cannot be ruled out as the probe deepens into what appears to be a broader corruption network within the tender allocation system.
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