he Central Bureau of Investigation (CBI) has already registered three separate cases against the group, citing fraudulent practices and willful default on loans. Sai Surya Developers is reportedly linked to the Surana Group, prompting its inclusion in the current round of raids. Sources suggest that both entities are being investigated for possible money laundering and fund diversion schemes.
The ED registered a case against the Falcon Group and its CMD in connection with an Rs 850-crore Ponzi scheme linked to the Falcon invoice discounting platform. The aircraft was purchased in 2024 for Rs 16 crores using proceeds from the Ponzi scheme.
hree directors-Giles Antony Hunt, Indu Shekhar Sinha, and Paul Michael Gibbons-have each been fined over ₹1.14 crore for their roles during the period of contravention. The ED’s action comes after previous financial investigations into BBC India, highlighting concerns over regulatory compliance and enforcement of FEMA rules.
KTR presented the ED officials with a report by the independent organization Nielsen, which stated that the Formula E race generated an economic benefit of $82 million for the state’s economy. Additionally, he provided a copy of the Telangana Electric Vehicle Policy announced in October 2020, which aims to establish Telangana as a hub for mobility with alternative energy sources.
