ED Raids on MP Nama: TRS MP Nama Nageshwarrao Home and Office searches

The Enforcement Directorate (ED) is conducting searches on the residence of TRS Lok Sabha chief Nama Nageshwar Rao.

Ed Raids On Mp Nama Nageswararao Home

ED raids on MP Nama Nageswararao Home and Workplace: The Enforcement Directorate (ED) is conducting searches on the residence and workplace of TRS Lok Sabha chief Nama Nageshwar Rao. The Madhukan Group of Corporations in Hyderabad can also be conducting searches at its workplaces. Your complete assault is being carried out concurrently in 5 areas in Hyderabad. There have been allegations of defrauding banks within the identify of loans. There are allegations that cash was diverted to overseas corporations.

Khammam MP Nama Nageswara Rao of the TRS celebration is conducting a search of the home. Virtually
Financial institution fraud case price Rs 1064 crore is underneath investigation. Officers are looking Nama’s home and workplace. Nama has taken big loans from varied banks within the identify of Madhukan Firm. There are allegations that cash has been diverted to varied overseas corporations. Searches are additionally underway on the houses of Madhukan administrators. Investigations are underway into allegations that loans taken within the identify of Ranky Categorical Freeway Pvt Ltd had been diverted. Data that the authorities are accumulating particulars associated to the financial institution accounts, paperwork and contracts of these corporations. Your complete seek for the property of the ruling celebration MP has taken priority. These searches have change into a sizzling matter in Telangana political circles.

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