HYDERABAD: Enforcement Directorate (ED) officials have summoned judgment Telangana Rashtra Samithi (TRS) Lok Sabha penis Nama Nageswara Rao for questioning on June 25 in relationship with a Rs 1,064 crore loan fraud situation.
Ranchi Expressway Limited supervisors K Srinivasa Rao, N Seetaiah, also Nama Prithvi Teja, son of this TRS MP, were summoned.
The ED had captured $ 1 crore in cash and gold jewelry and”incriminating” documents associated with the situation in the office and houses of the accused.
The agency alleged that even though Rs 1,029 crore being published with the banks, there wasn’t any improvement in the undertaking.
Tests revealed that the Rs 264 crore was redirected due to round-tripping in equity, subordinated debt extract and recreation of mobilisation improvements, the ED asserted.
Nama Nageswara Rao is a banking guarantor for your loan.
Despite many messages and calls, the TRS politician Couldn’t be contacted for comment
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