CBI carry out searches at YSCRCP MP’s company in Hyderabad and Mumbai

Searches were conducted at around 11 places in Hyderabad and Mumbai after a nationalized bank lodged a complaint in connection with an alleged bank fraud.

Hyderabad: Officials of Central Bureau of Investigation (CBI) conducted searches at a company of YSRCP MP K. Raghurama Krishnam Raju in Hyderabad and Mumbai.

Searches were conducted at around 11 places in Hyderabad and Mumbai after a nationalized bank lodged a complaint in connection with an alleged bank fraud.

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The head quarters of the company that was established in 2007 is in Secunderabad. The company was accused of diverting the loan amount meant for a thermal power project.

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