ED questions Telugu producer Allu Aravind for three hours in Rs 101.4 crore bank fraud case
Allu Arjun ’s father and Telugu film producer Allu Aravind reportedly appeared before the Enforcement Directorate (ED) in Hyderabad in connection with a high-profile money laundering and bank fraud case worth Rs 101.4 crore. The questioning reportedly lasted for more than three hours. The producer addressed the media while leaving the ED office.
About the money laundering case related to Allu Aravind
The high-profile case is linked to financial irregularities tied to Ramakrishna Electronics and Ramakrishna Teletronics (RTPL). According to India Today, the ED carried out extensive searches at multiple locations including Hyderabad, Kurnool, and Ghaziabad as part of the probe. These operations stemmed from a complaint filed by Union Bank of India—formerly known as Andhra Bank—alleging that the group misused loans sanctioned by the bank for unlawful purposes.
The Central Bureau of Investigation (CBI) in Bengaluru registered the case against Ramakrishna Electronics, RTPL, and their directors/partners—V. Raghavendra, V. Ravi Kumar, and others.
The ED has reportedly found important documents that may be linked to properties bought using illegally diverted funds. They also froze about Rs 1.45 crore in bank accounts connected to the accused and their companies. During the searches, officials seized digital devices and found records of payments made abroad. The investigation is still ongoing.
Allu Aravind talks to media about the issue
Allu Aravind recently addressed the media after the incident. In a recent video shared by GreatAndhra, Aravind was heard saying that the issue is related to a property he bought in 2017. He further stated that, as a law-abiding citizen, he had cooperated with the ED to facilitate the smooth progression of the case. He also remarked that the reports and recent news had portrayed the situation in an exaggerated manner. Aravind admitted that he is unable to share more details as the case is still under investigation.
About the money laundering case related to Allu Aravind
The high-profile case is linked to financial irregularities tied to Ramakrishna Electronics and Ramakrishna Teletronics (RTPL). According to India Today, the ED carried out extensive searches at multiple locations including Hyderabad, Kurnool, and Ghaziabad as part of the probe. These operations stemmed from a complaint filed by Union Bank of India—formerly known as Andhra Bank—alleging that the group misused loans sanctioned by the bank for unlawful purposes.
The Central Bureau of Investigation (CBI) in Bengaluru registered the case against Ramakrishna Electronics, RTPL, and their directors/partners—V. Raghavendra, V. Ravi Kumar, and others.
The ED has reportedly found important documents that may be linked to properties bought using illegally diverted funds. They also froze about Rs 1.45 crore in bank accounts connected to the accused and their companies. During the searches, officials seized digital devices and found records of payments made abroad. The investigation is still ongoing.
Allu Aravind talks to media about the issue
Allu Aravind recently addressed the media after the incident. In a recent video shared by GreatAndhra, Aravind was heard saying that the issue is related to a property he bought in 2017. He further stated that, as a law-abiding citizen, he had cooperated with the ED to facilitate the smooth progression of the case. He also remarked that the reports and recent news had portrayed the situation in an exaggerated manner. Aravind admitted that he is unable to share more details as the case is still under investigation.
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