New Delhi, Nov. 25 -- The Enforcement Directorate (ED) has secured a conviction in a money-laundering case linked to a bank fraud in Hyderabad, with a special court sentencing the accused, L. Srinivas Goud, to five years of rigorous imprisonment.

The Metropolitan Sessions Judge (MSJ) Court, Nampally, on November 24, 2025, found Goud guilty under Sections 3 and 4 of the Prevention of Money Laundering Act (PMLA), 2002. The court also imposed a fine of Rs 25,000 each on him and his firm, Mallika Inn Bar and Restaurant.

The conviction follows an ED investigation that revealed Goud had fraudulently obtained a loan from Federal Bank by forging documents and using an impostor to impersonate his mother. The loan, taken under the guise of a hous...