28.6 C
Delhi
Saturday, August 2, 2025

ED raids on Surana Industries and Sai Surya Developers in Hyderabad over financial irregularities

Date:

Share post:

Donate-GC-Razorpay

Hyderabad: Enforcement Directorate (ED) officials carried out raids on Surana Industries and its affiliated company, Sai Surya Developers, on Wednesday in Hyderabad.

According to sources, ED officials conducted searches at the residences of the Chairman and Managing Director of Surana Group, as well as the top officials of Sai Surya Developers. The raids were carried out at multiple locations, including Bowenpally, Secunderabad, Jubilee Hills, and Madhapur.

Surana Group had reportedly secured loans amounting to several thousand crores from a leading bank in Chennai. A case had already been registered by the Central Bureau of Investigation (CBI) against the group for alleged loan default and failure to repay the borrowed amount.

The ED is now believed to be probing recent financial transactions connected to the group as part of its ongoing investigation.

Further details are awaited.

Related articles

RFC India 2025 Day 3: Chow Ujjal Namshum, Co-Driver Chethan Chengappa retain top position in ‘4×4 Extreme’ Category

At the end of Day 3 of The Rainforest Challenge (RFC) India 2025, Chow Ujjal Namshum from Arunachal...

‘Gut Not Just Biological Organ; Rather Bridge Between Physical & Divine: ‘A Spiritual Nexus-Gut’ Author Samaran

Acclaimed journalist and author Samaran’s debut book, ‘A Spiritual Nexus-Gut’, published by Discovery Book Publication. This book, unraveling...

Goa Moves Ahead in Digital Governance with New Public Services

The Government of Goa has taken an important step to make public services more accessible and transparent. Chief...

The Perfect Definition for US President Donald Trump is ‘Clodpate’

There are words, and then there are perfect words. When one searches for a word that captures the...