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I-T raids on TDP leader’s house conclude after 30-hours

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After a 30-hour marathon search and seizure operation, Income-Tax raids in the residence of TDP district president Reddappagari Srinivasula Reddy ended on Saturday. However, official sources said the marathon I-T raids have not yielded anything major.

As usual the I-T sleuths seized few documents, some cash and gold ornaments.

The I-T sleuths seized several documents, believed to be belonging to RK Infra company. The I-T authorities left the place leaving behind medical staff and police at the TDP leader’s residence as they were wary about the health condition of the leader’s mother Hemalata.

Five personnel from the I-T department and 10 central security forces took part in the prolonged search at the Dwarakanagar residence of Srinivasulu.

The search commenced at 7.30 am on Thursday and lasted till Friday afternoon. Every square inch of the house, almirahs, lockers and cars was subjected to thorough search, the I-T department sources said.

At the end of the search, the I-T officials took along with them three bagsful of seized articles. While two officials left in one vehicle, three others left the place in a separate vehicle. The security forces accompanying the I-T officials left the place in a Tamil Nadu registered vehicle.

Some TDP leaders were seen waiting outside the house.

Speaking to meda later, Hemalata said that I-T raids were not new to the family. She said that the I-T authorities questioned her for three hours on Thursday till 10 am. Afterwards, the authorities verified accounts and jotted down particulars. This time, she said, the officials did not give her any trouble to her. They asked for almirah and locker key. They took away some documents, cash and gold ornaments. She said I-T officials were cordial and they left the place with the gesture of namaskaram.

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Hyderabad firm’s Illegal Hawala transactions seized by IT Dept

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The sleuths of the Income Tax department carried out searches in the offices and properties of a prominent business house in Hyderabad. The group has businesses in infrastructure, hydrocarbons, power, irrigation and other sectors. Raids were simultaneously conducted in Hyderabad, the National Capital Region of Delhi and also Mumbai.

The IT officials found that the group indulged in large-scale over-invoicing of purchases, bogus expenses and sub-contract expenses. There were also manipulations of books to suppress taxable income and also out of the books transactions.

Unaccounted cash of Rs. 17.4 Cr was seized.
Evidence of transferring 100s of crores of money via illegal hawala channels was also found.
More details awaited !
Here is the press note from IT department :

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88 kg gold, Rs 62 Cr cash seized in Kalki Ashram IT raids

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The Income Tax officials are unearthing huge quantities of unaccounted gold jewellery, cash and real estate property in AP, Tamil Nadu and Karnataka. The IT raids are continuing at the Kalki Ashram at Varadaiahpalem in Chittoor district. The officials found that the Ashram organisers collected Big money from devotees in the name of pujas, yagnas and religious training programmes.

So far, 88 kg gold jewellery was seized from the Ashram. Also, Rs 18 Cr worth US dollars and Rs 44 Cr Indian currency was recovered from the Ashram organisers. More and more wealth is coming out in the searches of IT officials. The raids are expected to continue for a few days more considering the widespread network. The Kalki has got units and business operations in US, China, Dubai, Singapore, etc.

Devotees consider Kalki Bhagwan as the 10th Avatar of Sri Maha Vishnu. Kalki’s original name was Vijay Kumar, aged 70 years, who initially worked as the LIC Clerk.

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I-T raids intensified in Andhra after poll announcement

There have been a handful of Income Tax (I-T) raids on some TDP leaders since the announcement of Lok Sabha elections on March 10.

On April 3, I-T officials conducted a raid on the house of Telugu Desam Party (TDP) leader and Tirumala Tirupati Devasthanam (TTD) Trust board Chairman Putta Sudhakar Yadav in Proddatur in Kadapa district. Sudhakar Yadav was also the TDP candidate from Mydukur Assembly constituency in the same district.

Sudhakar Yadav, who is also the Chairman of PSK Infrastructure and Projects Limited, later said the IT officials left after a five-hour search without making any seizure.

I-T officials also searched TDP’s Rajya Sabha member C.M. Ramesh’s house in Kadapa district on April 5.

Ramesh, a close aide of TDP President and Chief Minister N. Chandrababu Naidu, said the IT sleuths found nothing in his house.

Ramesh, whose businesses were also raided a few months ago, alleged that the BJP was behind the raids to help the YSR Congress Party.

On April 9, two days before Lok Sabha and Assembly elections in the state, I-T officials conducted a raid at the residence of Gurappa Naidu, the cost accountant of TDP leader Galla Jayadev, who is seeking re-election from the Guntur Lok Sabha constituency.

The I-T Department later said it conducted the search at the residence of Gurappa Naidu after information was received on a toll-free number that cash was kept at his residence which was to be used for the elections. They seized Rs 45.4 lakh from the premises.

The I-T Department said that it was only while recording his statement that Gurappa Naidu revealed that he was giving services to Jayadev.

Jayadev, who was the richest MP in the outgoing Lok Sabha with declared assets of Rs 683 crore, is the director of Amara Raja Group, known for its automotive battery brand Amaron.

The I-T officials also conducted searches at the residence of YSR Congress Party candidate from Guntur Lok Sabha constituency, Modugula Venugopala Reddy.

Condemning the raids on TDP leaders, Chandrababu Naidu had staged a sit-in during the election campaign, slamming the Narendra Modi-led government at the Centre for misusing I-T and other central agencies to target TDP leaders.

A day before the polling, he also staged a sit-in in front of the Chief Electoral Officer’s (CEO) office in Amaravati over the I-T raids and transfer of state officials by the Election Commission.

Naidu questioned the I-T raids at a time when the model code of conduct was in force.

During a visit to the DMK headquarters in Chennai on Tuesday, Naidu said the searches were only targeted against those who were opposed to the Bharatiya Janata Party (BJP).

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IT raids raise concerns in Vizag

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Officials of Income Tax department have begun raids in Visakhapatnam city limits amid fears of another round of harassment against companies and political opponents in AP.

IT teams have already entered the Special Economic Zone in Vizag city. Searches are going on in the Transworld company offices. Large number of officials are positioned at the IT Assistant Director’s office located MVP Colony in the city.

As per reports reaching here, simultaneous raids are expected to begin in Vijayawada, Guntur and Nellore cities as well. The mention of IT raids is raising political heat in AP due to ongoing rivalry and heated exchanges between BJP and TDP leaders.

Recently, IT officials withdrew at the last minute to raid premises of Minister Narayana. At that time, CM Chandrababu Naidu has almost threatened to suspend all support from AP police to provide security to IT officials during raids. AP CM has been fighting against politically motivated IT raids.

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AP IT raids: Sivaji reacts angrily

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Massive IT raids on corporate companies in AP came in for lots of criticism from TDP leaders and political analysts while BJP leaders welcomed and described the raids as the way to deal strictly with corruption and irregularities in various projects.

Hero-turned-activist Sivaji said the BJP is hell bent on damaging and destroying trade and commerce in newly created AP by launching IT raids on leaders and corporate companies.

He asked BJP top leadership to ‘encounter’ AP CM Chandrababu Naidu once and for all, instead of taking revenge against all the populations of AP for the sake of hurting and liquidating TDP.

Sivaji blamed four ‘durmaargulu’ (evil doers) responsible for the problems of AP people right now and one of these evil doers has been staying in Delhi for gathering information on AP leaders and companies to finally give instructions to IT officials to conduct raids.

The actor challenged BJP MP GVL Narasimha Rao to tour Telangana and face the people’s anger there by indulging in the sort of anti-region activities he was doing with AP right now.

He said that Friday’s raids were aimed at searching houses of several ministers but the TDP leaders remained alert and moved into safe zone, otherwise such raids would have happened creating a nation-wide sensation.

Sivaji said that BJP wanted to create AP raids as a sensation to divert the attention of all Indians and NRIs from the multi-crore Rafael jet fighters scandal which has potential to bring down BJP at the Centre.

AP Social Welfare Minister Nakka Anand Babu said the BJP’s IT raids exposed the level of degraded politics that party would stoop to and BJP was playing a dangerous mind game with the country’s polity by launching IT raids against political opponents.

Anand wondered why such raids were not being conducted against huge corporate giants at national level despite their names figuring in various multi-crore sandals frequently.

BJP MLC Somu Veerraju is now leading BJP criticism against TDP after reports of party floor leader Vishnu Kumar Raju shifting loyalties to TDP.

Veerraju asserted that TDP would be washed away in the floods of corruption and ill-gotten wealth in the 2019 elections and its leaders would gain nothing from claiming credit for Polaravam project which was actually funded by BJP government at the centre as it was a national project.

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IT raids on Satakarni producers

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GPSK IT raids, IT raids on Producers

Natasimha Balakrishna’s 100th film GautamiPutra Satakarni directed by Krish won the appreciation of critics and movie lovers across the world . The film which hit during Sankranti on Jan 12, collected more than 1 million USD in overseas becoming the biggest hit in Balakrishna’s career.

Film being a historical entertainer also got tax exemption from Andhra Pradesh and Telangana governments. Even as makers of Satakarni are celebrating the film success, IT officials raided the offices of producer and distributor Rajeev Reddy and Sudhakar Reddy simultaneously.

Officials are conducting raids at Sresth Movies near Jubilee Hills Checkpost and at First Frame Entertainment Office at Film Nagar. It is coming out that tax officials are enquiring Sudhakar Reddy as to how much collections the film collected in each theatre and proofs for the same.

Raids are on the house and office of Director Krish. IT officials formed two teams and conducted raids simultaneously from the morning.

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