Allu Arjun’s father and Telugu movie producer Allu Aravind reportedly appeared earlier than the Enforcement Directorate (ED) in Hyderabad in reference to a high-profile cash laundering and financial institution fraud case value Rs 101.4 crore. The questioning reportedly lasted for greater than three hours. The producer addressed the media whereas leaving the ED workplace.Concerning the cash laundering case associated to Allu AravindThe high-profile case is linked to monetary irregularities tied to Ramakrishna Electronics and Ramakrishna Teletronics (RTPL). In accordance with India At this time, the ED carried out intensive searches at a number of places together with Hyderabad, Kurnool, and Ghaziabad as a part of the probe. These operations stemmed from a grievance filed by Union Financial institution of India—previously often called Andhra Financial institution—alleging that the group misused loans sanctioned by the financial institution for illegal functions.
The Central Bureau of Investigation (CBI) in Bengaluru registered the case in opposition to Ramakrishna Electronics, RTPL, and their administrators/companions—V. Raghavendra, V. Ravi Kumar, and others.The ED has reportedly discovered necessary paperwork which may be linked to properties purchased utilizing illegally diverted funds. In addition they froze about Rs 1.45 crore in financial institution accounts linked to the accused and their corporations. In the course of the searches, officers seized digital units and located information of funds made overseas. The investigation remains to be ongoing.Allu Aravind talks to media in regards to the subjectAllu Aravind lately addressed the media after the incident. In a latest video shared by GreatAndhra, Aravind was heard saying that the problem is said to a property he purchased in 2017. He additional said that, as a law-abiding citizen, he had cooperated with the ED to facilitate the graceful development of the case. He additionally remarked that the studies and up to date information had portrayed the scenario in an exaggerated method. Aravind admitted that he’s unable to share extra particulars because the case remains to be underneath investigation.