In what is a huge shocker to top entrepreneur, former union minister and TDP MP Sujana Chowdary is that he was probed by Enforcement Directorate (ED). Close sources of Sujana Chowdary have confirmed ED's raids.
After a series of raids at Sujana Chowdary's office at Jubilee Hills Road No.10 and seven other locations the Enforcement Directorate (ED) has seized six high-end cars of Chowdary including Ferrari, Range Rover and Mercedes-Benz. Besides, 126 rubber stamps of fake companies, a few documents and hard discs were seized by ED personnel.
Also, the ED summoned Sujana Chowdary to appear before them on 27th of November to grill him on various frauds which were alleged to have been committed by him.
According to ED, the CBI had registered three cases based on complaints from three banks stating that one company, Best & Crompton Engineering Projects Ltd, Chennai (BCEPL) had obtained loans from them by falsification of accounts and submission of false statements, and which caused them a total loss of Rs 364 crore, including Rs 133 crore to Central Bank of India, Rs 71 crore to Andhra Bank and Rs 159 crore to Corporation bank.