it-raids

IT Officials Seized Records of Ruthwik Properties

Regional News

IT Officials Seized Records of Ruthwik Properties

Hyderabad/Kadapa 13 Oct: The IT officials raid on the Ruthwik properties and its allied companies relating to Rajya Sabha member CM Ramesh on Friday. The IT Officials seized key documents of all transactions, construction sector and power projects of Ruthwik properties. The IT officials seized eight hard disks, eighteen pen drives and six laptops from that company.

The companies income is 55,349.26 crores in 2013-14, mounted to 145 % high in 2016-17with a tune of Rs. 1,35,720.78 crores. According to the information of ROC the company has not filed the IT Returns for the AY 2017-18. The IT officials suspecting that the company transferred the amount to its shell company. The IT officials verified the Ruthwik Properties accounts in Allahabad Bank, in Sagar Society Hyderabad. Later they took the branch manager to the CM Ramesh’s Office at Hyderabad and issued a witness notice to the bank manager and took files from that office. The IT officials took witness signature of the bank manager on the seize of records.

The TDP MLCs Ramsubba Reddy, B.Tech Ravi, Former MLA Veera Siva Reddy and others staged a protest on the IT Raids of CM Ramesh’s house at Potladurthi in Kadapa District.