IT raids on Khammam MP’s residences

IT raids on Khammam MP’s residences
Highlights

In simultaneous raids, Income Tax sleuths raided the houses and offices of TRS MP from Khammam Ponguleti Srinivas Reddy on Tuesday The raids and search operations were conducted at 18 places in Hyderabad, Khammam and houses of his relatives in different places in the state Since morning, the IT officials, in teams, made these raids

Hyderabad: In simultaneous raids, Income Tax sleuths raided the houses and offices of TRS MP from Khammam Ponguleti Srinivas Reddy on Tuesday. The raids and search operations were conducted at 18 places in Hyderabad, Khammam and houses of his relatives in different places in the state. Since morning, the IT officials, in teams, made these raids.

In Khammam, the IT officials raided 12 places, including Raghava Nilayam and Raghav Infra company offices and in Narayanapuram village of Kallur mandal, the native place of the MP. In Hyderabad also, search operations were conducted in Raghava Pride and Infra offices in Banjara Hills.

According to sources, the raids were made after the IT department obtained inputs that irregularities took place in payment of Income Tax. The officials also seized several key documents.

Srinivas Reddy used to have interests in construction and mining business before he made a foray into politics in 2014 when he contested and won the Lok Saba election from Khammam on the YSRCP ticket. Later, he switched loyalty to the TRS. He was in news recently when he had arranged 2000 tractors for the people to travel to Kongara Kalan to attend the TRS’ prestigious Pragathi Nivedana Sabha.

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