Asianet NewsableAsianet Newsable

IT raids at YSRCP MP Rami Reddy's residence and ten other places

The Income Tax Department raided YSRCP Rajya Sabha MP Rami Reddy's Hyderabad residence and ten other places after the businessman turned politician recently declared huge losses.

IT raids at YSRCP MP Rami Reddy's residence and ten other places-ycb
Author
Hyderabad, First Published Jul 6, 2021, 6:11 PM IST

Expressing doubt over businessman turned politician Rajya Sabha MP Rami Reddy of YSRCP party's claims of losses in business, the Income Tax sleuths conducted a raid at his residence.

The sleuths doubted Reddy's claim of his Ramky group reportedly witnessing huge loss in the business. The IT sleuths suspect that there are certain irregularities in Reddy's business Ramky Enviro Engineers Limited, Ramky Infrastructure Limited. Reddy is one of the richest politicians as per the affidavit.

Apart from his residence in Hyderabad, ten different locations are under IT scanner and 15 teams have spread out in the search operations.

Rami Reddy is originally from Guntur and in 2020, the YSRCP which has over 150 lawmakers in the Assembly, effortlessly elected Rami Reddy to the upper house of the parliament.

Follow Us:
Download App:
  • android
  • ios