ED issues summons to TRS MP Nama Nageswara Rao in money laundering case

Officials of the Enforcement Directorate (ED) have issued summons to TRS MP Nama Nageswara Rao and three directors of Madhucon Group of companies in a money laundering case and asked them to appear before them on June 25 for investigation.

On June 11, the ED sleuths conducted searches at MP’s residence and office in Jubilee Hills and five other locations on the charges of diversion of loan amount taken for laying four-lane road between Ranchi and Jamshedpur in Jharkhand. However, the NHAI had terminated the contract as there was no progress in the project.