TDP MP and former minister Sujana Chowdary is charged of defrauding several banks by the Enforcement Directorate. ED has registered a case against companies owned by YS Chowdary for allegedly defrauding banks upto Rs 5,700 crore.
The ED filed cases on receiving complaints from Central Bank of India, Andhra Bank and Corporation Bank.
ED Teams from Chennai conducted raids on the residence and offices in Hyderabad on Friday night. Sujana Chowdary is asked to appear before ED court on November 27.