Followed by a series of flash raids on the offices and properties of former MP Rayapati Samabasiva Rao from the past couple of days, the Enforcement Directorate on Friday filed a case against the senior TDP leader. Sources revealed that the raids unearthed unaccountable transfer of the amount to the tune of Rs 16 crores to Singapore, Malaysia to Russia. A case has been filed against the TDP leader and his company Transstroy Ltd under the FEMA law.
CBI officials have taken up the sudden raids on Rayapati’s residences simultaneously from the early hours of Tuesday and have reported seized key documents and cash in the raids. It is to the known knowledge that CBI registered a case of cheating and criminal misappropriation against Transstroy, Rayapati and other members for siphoning off around Rs 250 crore.
