New Delhi, Nov. 4 -- The Enforcement Directorate (ED), Hyderabad Zonal Office, today announced that it has filed a chargesheet with the Special PMLA Court against Prudvi Solar Power Projects Pvt. Ltd. and its Managing Director, Byrraju Srinivas Raju. The court has taken cognizance of the prosecution complaint.
The ED initiated its investigation based on an FIR registered by the CBI's Anti-Corruption Branch (ACB) in Hyderabad under various sections of the Indian Penal Code and the Prevention of Corruption Act.
According to the CBI's chargesheet, which was filed after its investigation, Prudvi Solar Power Projects Pvt. Ltd. cheated the State Bank of India (SBI) of Rs 3.81 crore.
The ED's probe revealed that the company was granted an overd...