NRI FROM TS GUILTY OF MONEY LAUNDERING

Ravinder Reddy Gudipati of Karimnagar, who settled almost four decades ago in the US and played a key role in circulating drug mafia money, was convicted by a federal jury in Laredo, Texas, in a multi-million dollar money laundering scam along with five others.

Money derived from the sale of drugs in the US were laundered through businesses in Laredo in order to return it to Mexican drug dealers.

Ravinder Reddy is said to be a close relative of a former TRS minister who lost in the recent state election.