New Delhi, July 30 -- The Enforcement Directorate (ED) on Wednesday conducted raids at eight locations across Hyderabad in connection with the ongoing investigation in the Sheep Distribution and Development Scheme (SRDS) case, officials said.

The agency sleuths carried out simultaneous searches at the premises of the targeted individuals believed to be involved in the misappropriation of funds from the government scheme.

"Certain beneficiaries of the scheme and middlemen have been identified on the basis of money trail, and their premises are being searched," the officials, privy to the development, told ANI.

As per the ED investigators, though the Proceeds Of Crime (POC) involved in the First Information Reports (FIRs) were only Rs 2....