Hyderabad: The Enforcement Directorate carried out raids at the Telangana Rashtra Samiti MP N Nageswara Rao and directors of a company in connection with bank fraud here on Friday. The ED raids began early morning at the residences of directors of Ranchi Express Way Limited including N Prithvi Teja, son of Mr Nageswara Rao.
Mr Nageswara Rao was personal guarantor for the loan. According to sources, the loan amount is around Rs 1000 crore.
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