Trans Troy Case: CBI Sleuths Conducted Raids At Residence Of Rayapati Sambasiva Rao!
There is no relief for TDP senior leader and former MP Rayapati Sambasiva Rao who has been linked to the multi-crore Transstroy case, as the CBI is conducting raids at his residence and office.
The Central Bureau of Investigation(CBI) sleuths are conducting raids at his residence and office since today morning in connection with the case, media reports claimed.
If we have to take anything from the media reports, the officers have seized several crucial documents that are said to be very key in cracking this much-talked-about case.
However, neither the Central Bureau of Investigation(CBI) nor the former Member of Parliament acknowledged the matter and confirmed the news of raids.
Tracing back the case, the Rayapati companies have taken a loan of Rs 300 crore from the Indian Bank and the companies didn't pay back the loan amount reportedly.
Following this, the CBI sleuths have registered complaints against the company. Earlier, last year, the CBI sleuths have conducted raids at the residence of the former MP.
However, the family members of the former MP has something else to say about the scam. They raise a doubt of funds misappropriation by the company's chief executive officer (CEO).
It is also said that the CBI sleuths are also conducting raids at the residence of Sridhar, Rayapati Companies CEO after they were informed by Rayapati's family member that he is trying to flee the country with a fake passport.
The Central Bureau of Investigation(CBI) sleuths are conducting raids at his residence and office since today morning in connection with the case, media reports claimed.
If we have to take anything from the media reports, the officers have seized several crucial documents that are said to be very key in cracking this much-talked-about case.
However, neither the Central Bureau of Investigation(CBI) nor the former Member of Parliament acknowledged the matter and confirmed the news of raids.
Tracing back the case, the Rayapati companies have taken a loan of Rs 300 crore from the Indian Bank and the companies didn't pay back the loan amount reportedly.
Following this, the CBI sleuths have registered complaints against the company. Earlier, last year, the CBI sleuths have conducted raids at the residence of the former MP.
However, the family members of the former MP has something else to say about the scam. They raise a doubt of funds misappropriation by the company's chief executive officer (CEO).
It is also said that the CBI sleuths are also conducting raids at the residence of Sridhar, Rayapati Companies CEO after they were informed by Rayapati's family member that he is trying to flee the country with a fake passport.