ED questions Allu Aravind for three hours in bank fraud case

Allu Arjun’s begetter and Telugu movie shaper Allu Aravind reportedly appeared earlier the Enforcement Directorate (ED) successful Hyderabad successful transportation with a high-profile wealth laundering and slope fraud lawsuit worthy Rs 101.4 crore. The questioning reportedly lasted for much than 3 hours.

The shaper addressed the media portion leaving the ED office.About the wealth laundering lawsuit related to Allu AravindThe high-profile lawsuit is linked to fiscal irregularities tied to Ramakrishna Electronics and Ramakrishna Teletronics (RTPL). According to India Today, the ED carried retired extended searches astatine aggregate locations including Hyderabad, Kurnool, and Ghaziabad arsenic portion of the probe. These operations stemmed from a ailment filed by Union Bank of India—formerly known arsenic Andhra Bank—alleging that the radical misused loans sanctioned by the slope for unlawful purposes.

The Central Bureau of Investigation (CBI) successful Bengaluru registered the lawsuit against Ramakrishna Electronics, RTPL, and their directors/partners—V. Raghavendra, V. Ravi Kumar, and others.The ED has reportedly recovered important documents that whitethorn beryllium linked to properties bought utilizing illegally diverted funds. They besides froze astir Rs 1.45 crore successful slope accounts connected to the accused and their companies. During the searches, officials seized integer devices and recovered records of payments made abroad.

The probe is inactive ongoing.Allu Aravind talks to media astir the issueAllu Aravind precocious addressed the media aft the incident. In a caller video shared by GreatAndhra, Aravind was heard saying that the contented is related to a spot helium bought successful 2017. He further stated that, arsenic a law-abiding citizen, helium had cooperated with the ED to facilitate the creaseless progression of the case. He besides remarked that the reports and caller quality had portrayed the concern successful an exaggerated manner.

Aravind admitted that helium is incapable to stock much details arsenic the lawsuit is inactive nether investigation.