Hyerabad, April 16 -- The officials from the Enforcement Directorate (ED) on Wednesday conducted raids at multiple locations linked to the Surana Group and Sai Surya Developers in Hyderabad.

The searches were part of an ongoing money laundering investigation.

On Wednesday, the federal agency carried out simultaneous operations at various properties belonging to the Surana Group and Sai Surya Developers in different parts of the city.

The raids mark a significant escalation in the probe. The authorities are scrutinizing financial transactions and alleged irregularities.

In the past, Sai Surya Developers has faced legal troubles particularly concerning delayed real estate projects.

The company's owner Satish Chandra Gupta was previousl...