Raghu Rama Krishna Raju, popular as his short form, RRR, has now faced action from the Enforcement Directorate as he has been served FEMA notices by the investigative authorities.
Now, the latest update is that the YSRCP rebel MP has been asked by the ED to pay Rs 40 crores in FEMA fines.
This is regarding the completed investigation which concluded that RRR had orchestrated foreign investments in Indian companies.
The companies that are operated by RRR have seen multiple foreign investments and the ED has identified the same and has taken monetary action against the same now.
RRR has to now cough up Rs 40 crores in fines to the ED over the investigation regarding foreign investments in power distribution companies.