New Delhi: The Enforcement Directorate (ED) announced on Tuesday that Avasarala Venkateswara Rao, Promoter and Managing Director of Hyderabad-based Servomax India Private Limited (SIPL), had been arrested for alleged money laundering offences.
The Enforcement Directorate (ED) on Tuesday said it has arrested Avasarala Venkateswara Rao, Promoter and MD of Servomax India Private Limited (SIPL), in connection with a money laundering case of Rs 402 crore.
The Enforcement Directorate (ED) on Tuesday said it has arrested Avasarala Venkateswara Rao, Promoter and MD of Servomax India Private Limited (SIPL), in connection with a money laundering case of Rs 402 crore.A senior ED official said Rao has .
The Enforcement Directorate has arrested Avasarala Venkateswara Rao, managing director of Hyderabad-based Servomax India Private Limited, under the Prevention of Money Laundering Act in a bank fraud case of Rs 402 crore.