<span style="color: #222222;">The Enforcement Directorate has arrested two persons in Hyderabad in connection with a Bank fraud case worth of over one thousand 700 crore rupees.</span><br />'' <br />'' <span style="color: #222222;">The agency has arrested GSC Raju, promoter of Leo Meridian Infrastructure Projects and Hotels Limited and his close associate AV Prasad under the Prevention of Money Laundering Act. </span><br />'' <br />'' <br />''<span style="color: #222222;">In a statement, ED said, it has initiated investigation on the basis of FIRs registered by CBI for fraudulently availing loans by the accused in connivance with others from a consortium of Banks. Last year, ED had attached assets worth over 250 Crore rupees belonging to these accused. </span><br />