NEW DELHI: The Enforcement Directorate (ED) has seized six high-end cars, including Ferrari, Range Rover and Mercedes-Benz, reportedly belonging to TDP MP Y S Chowdary and has summoned him for questioning next week in connection with an alleged Rs 5,700 crore bank loan fraud case, officials said on Saturday.
The agency said it took the action under the Prevention of Money Laundering Act (PMLA) after it conducted searches at eight premises of the Sujana Group in Hyderabad and Delhi on Friday.
The ED said Chowdary, a sitting Rajya Sabha member of the Telugu Desam Party (TDP), was the man behind the Sujana Group of companies and it has gathered evidence that “all directors of various Sujana Group of companies act under his instructions”.
The agency said the high-end cars seized were registered in the name of dummy companies.
The TDP MP, considered close aide of Andhra Pradesh Chief Minister and party president N Chandrababu Naidu, has been summoned for questioning on November 27 in the case, it said. (AGENCIES)
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