Representative image HYDERABAD: The Hyderabad unit of the Enforcement Directorate (ED) has frozen Rs 1.45 crore lying in banks in a money laundering case it has been investigating. The domestic law enforcement and economic intelligence agency also conducted search operations at various locations in Hyderabad, Kurnool and Ghaziabad following the registration of a bank fraud case against M/s Ramakrishna Electronics, M/s Ramakrishna Teletronics Pvt Ltd (RTPL) and others.The FIR was registered by the CBI-BS, Bengaluru against the firms and their directors — V Raghavendra, V Ravi Kumar and others — based on a complaint of loan fraud filed by Union Bank of India. The bank accused the…
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ED freezes Rs 145 cr of RTPL in bank fraud case
