Veteran film producer Allu Aravind appeared before the Enforcement Directorate (ED) on Friday in connection with a money laundering probe linked to a Rs 100 crore loan default by Ramakrishna Electronics. Speaking to the media after the session, Aravind confirmed that he was summoned as part of the ongoing investigation and cooperated fully with the officials.
Aravind stated that the ED questioned him regarding a property transaction dating back to 2017. He clarified that he had purchased the stake of a minor partner in a property deal and that the inquiry focused on this transaction. “The ED sought details because my name appeared in the books of accounts,” he said.
ఈడీ విచారణకు హాజరు కావడంపై స్పందించిన అల్లు అరవింద్…#AlluAravind #ED pic.twitter.com/EQCFLLxWLO
— TeluguOne (@Theteluguone) July 4, 2025
Sources indicate that Ramakrishna Electronics had defaulted on a Rs 100 crore loan from Union Bank. Aravind had reportedly acquired a stake in the firm, which brought him under the purview of the investigation. The ED has directed him to appear again for further questioning next week as part of its probe into alleged financial irregularities.