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Tilaknagar Industries named in Andhra liquor scam, police allege ₹218 crore kickbacksAuthorities say the ₹218 crore in alleged kickbacks were calculated based on the quantity and price of liquor supplied through APSBCL. The funds, received from APSBCL, were allegedly converted into untraceable cash through a network of jewellery merchants, including:By Shilpa Ranipeta   July 21, 2025, 3:29:59 PM IST (Published)2 Min ReadAndhra Pradesh police have named Tilaknagar Industries Ltd in an alleged liquor scam involving kickbacks of approximately ₹218 crore, accusing the company of routing funds to a liquor syndicate through jewellery entities.

According to the police, Tilaknagar Industries, one of the largest liquor suppliers to the Andhra Pradesh State Beverages Corporation Ltd (APSBCL), used its dominant position to push popular brands such as Mansion House Brandy and Courier Napoleon. The company reportedly generated revenues of around ₹1,472 crore from APSBCL during the period under scrutiny.

CNBC-TV18 has reached out to Tilaknagar Industries for a response. A statement from the company is awaited.

Authorities say the ₹218 crore in alleged kickbacks were calculated based on the quantity and price of liquor supplied through APSBCL. The funds, received from APSBCL, were allegedly converted into untraceable cash through a network of jewellery merchants, including:

- Sri Jewels (₹107.6 crore)

- Uday Jeweller Industries (₹0.86 crore)

- Sona Chandi Jewellers (₹3.53 crore)

- Mangatrai Pearls, Gems & Jewels (₹3.73 crore)

Police allege that the company routed part of its legitimate revenue to these merchants, received gold in return, and handed it over to syndicate handlers. This method, officials said, gave the appearance of GST-compliant business transactions while effectively converting white money into black assets.

The case comes from a complaint filed on August 26, 2024, by Yeedi Venkateswara Rao Srinivas to the Principal Secretary, Revenue (Excise), Government of Andhra Pradesh. The complaint highlighted multiple irregularities in liquor sales and supply from 2019 to 2024, including manipulation of brand promotion, manual issuance of Order for Supply (OFS), price anomalies, and alleged kickbacks involving public officials.

On Monday (July 21), Tilaknagar Industries shares were trading at ₹421.10 on the NSE, up 6.14% for the day, but below the intraday high of ₹443.90.

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