<h1>ED probes Rs 254 crore laundering in Sheep Rearing Scheme under Prevention of Money Laundering Act</h1> The Enforcement Directorate conducted searches in Hyderabad under the Prevention of Money Laundering Act in connection with a money laundering probe involving a sheep rearing and distribution scheme during the previous state government. The investigation targets multiple locations linked to beneficiaries and intermediaries, including an official associated with a former minister. The probe follows state police FIRs and a Comptroller and Auditor General report revealing irregularities such as incomplete beneficiary records, fake transportation invoices, duplicate sheep unit tags, and allocations to deceased or non-existent persons. The CAG report covering seven districts estimated losses of approximately Rs 254 crore, with potential statewide losses exceeding Rs 1,000 crore. The ED's inquiry focuses on the laundering of proceeds from these alleged irregularities in the flagship Sheep Rearing Development Scheme.