The Enforcement Directorate (ED), Hyderabad Zonal Office, announced on Tuesday that it has filed a charge sheet with the Special PMLA Court against Prudvi Solar Power Projects Pvt Ltd and its Managing Director, Byrraju Srinivas Raju. The court has taken cognisance of this prosecution complaint.

The ED initiated its investigation based on an FIR registered by the CBI’s Anti-Corruption Branch (ACB) in Hyderabad under various sections of the Indian Penal Code and the Prevention of Corruption Act.

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According to the CBI’s charge sheet, which was filed after its investigation, Prudvi Solar Power Projects Pvt Ltd cheated the State Bank of India (SBI) of Rs 3.81 crore.

The ED’s probe revealed that the company was granted an overdraft facility of Rs 4.5 crore by SBI to install a 5

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