The Enforcement Directorate has seized 15 immovable properties of three persons associated with Hyderabad-based 3K Technologies Limited, one of whom was earlier found involved in orchestrating a student visa fraud in the United States.
The assets, belonging to Karusala Venkat Subba Rao, Kadiyala Venkateswara Rao and Tejesh K. Kodali, have been seized under the Foreign Exchange Management Act. They are worth ₹3.19 crore.
The ED initiated the probe based on an input from the office of Development Commissioner, Visakhapatnam Special Economic Zone, that the unit had reported abnormal exports.
