AP CM Naidu’s close aide and TDP Rajya Sabha Member Sujana Chowdary’s belongings including luxury vehicles were seized by the Enforcement Directorate (ED) as part of investigation in a whopping Rs. 5,700 crore bank loan fraud case.
Telugu Desam Party (TDP) leader and Rajya Sabha member Sujana Chowdary’s belongings including luxury vehicles were seized by the Enforcement Directorate (ED) as part of investigation in a whopping Rs. 5,700 core bank loan fraud case.
The ED also summoned Chowdary for questioning next week in linking with an alleged Rs 5,700 crore bank loan fraud case.
The TDP Member of Parliament, known as a close aide to Andhra Pradesh Chief Minister and TDP national President Nara Chandrababu Naidu was a Minister of State (MoS) in the Union cabinet.
The ED recently searched Chowdary’s Sujana group company in undertaking of a bank fraud case of a Chennai based firm Ms Best and Crompton Engineering Projects Ltd (BCEPL).
According to reports, the documents associated to alleged bogus companies, under the sunshade of the Sujana group, were recovered by ED after raids were carried out against the Chennai-based company.
The ED reportedly took the action under the Prevention of Money Laundering Act after it conducted raids at eight locations of the Sujana Group in Hyderabad and Delhi on Friday.