ED conducts searches at TRS MP Nama Nageswara Rao's residence for bank fraud
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Hyderabad, June 11 -- The Enforcement Directorate (ED) on Friday conducted searches at the residence and offices of the Telangana Rashtra Samithi (TRS) MP from Khammam, Nama Nageswara Rao in connection with a Rs 1,064 crore bank fraud.
The ED began conducting searches at six locations including residences of Nageshwar Rao and his son Pruthvi Teja, CMD of Ranchi Express Way K Srinivasa Rao, director N Seetaiah, along with their offices. Searches began at 7 am, Times of India said in a report.
More details regarding the searches are awaited.
After a first information report (FIR) was filed by the CBI in 2019, fraud was detected in the four-lane road project between Ranchi-Rargoan-Jamshedpur on NH-33 worth Rs 1,151.60 crore. The promoters...
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