Hyderabad, Aug 1 (Maxim News) The Directorate of Enforcement (ED), Hyderabad Unit, has escalated its investigation into alleged financial fraud, filing a Prosecution Complaint (PC) against Saisree Engineers Pvt Ltd (SEPL) and others, which was subsequently taken cognizance by the Special Court for CBI Cases.
The ED’s probe originated from a CBI FIR, which accused SEPL and its founder, Managing Director S.suryanarayana Raju, of defrauding the State Bank of India (SBI). The allegations include obtaining credit facilities by presenting forged documents, fictitious properties as collateral, and misrepresenting property ownership. (Maxim News)
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