Friday, October 12, 2018
The Income Tax officials today conducting raids on the residences and business offices of Rajya Sabha member, TDP senior leader C.M.Ramesh.
The raids are being conducting simultaneously at Hyderabad and in Vijayawada along with his native place Potladurthi in YSR district. Sources said that there were vast variations in the figures shown in IT returns. The officials are verifying the property documents and others. The officials are also conducting raids on the residence of Govardhan Naidu, a close relative of Ramesh. He was a contractor for Ramesh.
After TDP came to power, majority of the contracts have been entrusted to Ramesh and the TDP leaders have openly made the comments. The raids took importance in this background. It may be recalled the opposition parties have been alleging that majority of the contracts have been entrusted to Ramesh. Around Rs.1,000 crore worth of contracts has been entrusted to him under nomination system.