Hyderabad: The Enforcement Directorate on Friday questioned film producer Allu Aravind for over three hours in connection with the Ramakrishna Electronics bank fraud case, which unfolded between 2018 and 2019 involving the then-undivided Union Bank of India.
Officials said the probe relates to alleged financial irregularities linked to Ramakrishna Teletronics Pvt Ltd. Investigators are looking into suspected diversion of funds and violations of banking norms in accounts operated with the Union Bank of India.
The case was initially registered by the Central Bureau of Investigation (CBI) and the Federal Bureau of Investigation (FBI), after which the Enforcement Directorate took up a parallel inquiry under provisions of the Prevention of Money Laundering Act.
Allu Aravind, known for his production ventures under Geetha Arts, appeared at the ED office in Hyderabad after being summoned for clarification of certain transactions reportedly tied to the Ramakrishna group’s accounts.
Sources said the agency is scrutinising whether proceeds from the alleged bank fraud were routed through entities connected to the Telugu film industry. Further questioning of other individuals associated with Ramakrishna Electronics is likely in the coming weeks.
