The Enforcement Directorate (ED) on Friday conducted searches here at the residences and offices of the TRS MP Nama Nageswara Rao and the directors of Ranchi Expressway Limited in connection with Rs 1,064 crores bank fraud case, sources said.
According to sources, searches were conducted at six locations in Hyderabad.
In March 2019, the Central Bureau of Investigation (CB) had registered a case against Ranchi Expressway Limited, Madhucon Group of Companies and officials of Consortium of Banks led by Canara Bank for alleged irregularities in the Ranchi-Jamshedpur (NH-33) project.
Earlier, the High Court taking suo motu had ordered Serious Fraud Investigation Office (SFIO) to conduct a probe into the delay of completion of the said project which commenced in December 2012.
