Enforcement Directorate issued summons to Khammam MP Nama Nageswara Rao. MP Nama Venkateswarao was asked to appear for trial on the 25th of this month. The summons was issued by ED in the case of diversion of bank loans to foreign companies.
Five days ago, the ED authorities conducted raids in the residence and offices of Nama Nageswara Rao. Authorities are investigating a bank fund scam worth Rs 1,064 crore. He is accused of taking loans from various banks in the name of Madhucon Company and diverting funds to foreign companies. In 2019, CBI officials registered an FIR against Nama Nageswara Rao companies and in 2020, the CBI filed a charge sheet against Ranchi Expressway Limited and its directors.