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ED Seizes Six Swanky Cars Of Sujana

By:  Tupaki Desk   |   24 Nov 2018 5:10 PM GMT
ED Seizes Six Swanky Cars Of Sujana
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Enforcement Directorate seized as many as six luxury cars of Former Union Minister Sujana Chowdary after conducting raids at his residence and offices. This list of cars seized under the Prevention Of Money Laundering Act (PMLA) include Ferrari, Porsche, Range Rover and Benz.

A Statement was issued by Enforcement Directorate after the search operation covered seven properties in Hyderabad and one in New Delhi. ED informed Sujana Group of Companies has defrauded banks to the tune of Rs 5,700 crore. Over 120 companies have been controlled by the TDP MP and most of them exist only on paper. Several crucial documents related to the fraudulent practices have been seized during the raids.

Sujana Chowdary faced allegations of duping the banks even before he was recommended for the Union Ministry by TDP Government. Still, Chandrababu Naidu & Co. preferred someone like him for one of the two Union Cabinet Berths offered by BJP as part of alliance dharma. What will be the explanation of Chandrababu & Nara Lokesh over the charges leveled against their Rajya Sabha MP? Could they still say it's a conspiracy by Centre? If so, what about the Rs 5,700 crore?