ED files supplementary charge sheet in Dr. Ambedkar Development Corporation fraud case, naming Ayub Sayyed and four others

The ED filed a supplementary charge sheet before the Bengaluru Special Court regarding the alleged fraud in the Dr. Ambedkar Development Corporation. The charge sheet names Ayub Sayyed and four others, alleging that funds were illegally transferred by opening four fake FD accounts. The document states that the money was then transferred to other accounts and withdrawn in cash. The ED stated that a total of ₹14.95 crore was misused in the name of the Dr. Ambedkar Development Corporation.