On Friday, Income Tax Department raided TD MP C.M. Ramesh and some of the closest aids of AP Chief Minister N. Chandrababu Naidu. The raid was conducted as a result of suspicion of largescale I-T Act violations.
As per the recent sources, the offices and residences of Mr Ramesh and his group companies at Hyderabad, Prodattur and Delhi were raided by twelve teams of I-T officials.
“Searches are being conducted at the residences of Mr Ramesh in Kadapa district in Andhra Pradesh. I-T officials are also verifying records at his residence and office in Hyderabad also. It is a routine one. No significance is attached to this,” the sources in the I-T department told our news sources.
The previous week, TD politicians and some firms owned by TD supporters in Andhra Pradesh were also raided by the IT officials. From the firms that were raided last week, one of the real estate firms was said to be close to a key minister in Mr Naidu’s Cabinet.
Our sources have reported that Mr Ramesh questioned the I-T raids in AP three days ago and also wrote a letter to the I-T department asking details of the raids.
Mr Ramesh is a director of several firms such as Rithwik Properties, Global Earth Minerals, Anjandri Power Private Limited, Kadapa Power Private Limited and bagged multi-crore projects in AP and Uttarakhand. The turnover of all the firms of Ramesh was reported as 1000 crores
CM Ramesh, however, termed the raids “political vendetta”. “It is a clear-cut case of political vendetta…In fact, the Prime Minister himself warned us right inside parliament about consequences since we have been fighting for the state’s rights. The IT raids are a result of the warning,” said Mr Ramesh who is in Delhi.
I-T officials not only raided the office of the firms Rithwik Projects Private Limited in Banjara Hills, offices in Delhi and at his native place Proddatur in Kadapa district but the officials also reached Mr Ramesh’s residence in Jubilee Hills, which is adjacent to the house of Mr Naidu.