Thursday, October 25, 2018
The Income Tax authorities today conducted raids on the Transworld Garnet India Pvt.Ltd., company at SEZ, Visakhapatnam.
The company exports beach minerals and is allegedly routing money abroad. Simultaneously searches were carried out in the premises of the real estate and export oriented units in and around Visakhapatnam. The company is owned by a close relative of TDP leader in Telangana Devender Goud.
Sources said that the officials have seized some documents from a Chartered Accountant K.Murali Krishna. Later, they raided several others who allegedly been evading income tax were in possession of disproportionate assets. Two officials conducted raids on the Transworld Garnet factory in Gara mandal and the house of TDP leader and Director of AP Housing Corporation N. Eswara Rao. The raids continued till evening said sources. Eswara Rao was grilled till evening. Earlier, he worked in Navayuga Company said sources