The Enforcement Directorate charged former TDP MP Rayapati Sambasiva Rao for ‘money laundering’.It is known that the CBI has already charged Rayapati Sambasiva Rao under various counts, and the ED has joined the party today.
According to close sources, it is understood that the former TDP MP has indeed transferred funds from his construction company Transstroy to various bank accounts in Singapore, Malaysia, and other nations.
‘There is no official word currently on this.
But trustworthy sources did confirm that money laundering did indeed take place.It is understood that transactions from the company’s account violated RBI and Foreign Ministry rules on multiple counts.
All the directors of Transstroy Company have been summoned’, confirmed the source.
Surprisingly, it is Transstroy Company that has undertaken the prestigious Polavaram Project works.
Reports did emerge in the past about ‘quid pro quo’ between TDP boss, then AP CM Nara Chandrababu Naidu and the Transstroy Company.
