Multiple properties linked to Andhra TDP MP CM Ramesh raided by I-T department in Hyderabad, Kadapa

By: | Updated: October 12, 2018 1:18 PM

The Income Tax department today raided multiple properties linked to Rajya Sabha TDP MP and businessman CM Ramesh.

I-T raids TDP MP CM Ramesh's propertiesMultiple properties linked to Andhra TDP MP CM Ramesh raided by I-T department in Hyderabad, Kadapa

The Income Tax department today raided multiple properties linked to Rajya Sabha Telugu Desam Party (TDP) MP and businessman CM Ramesh. According to news agency ANI, the I-T sleuths are also conducting raids at the properties of the TDP lawmaker’s close relatives. Raids are also being carried out on homes and offices of Ramesh in Hyderabad and Kadapa.

Simultaneous raids are also being carried out on the properties of Rithwik Projects Pvt Ltd of which Ramesh is a promoter.

According to a PTI report, raids began in morning at his residence in his native village Yerraguntala in Kadapa district. Raids are also goin on at his Jubilee Hills residence and office of Ritwik in Hyderabad.

“Searches are being conducted at 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 PTI.

Ramesh hails from Padmanayaka Velama Community. In 1999, he had founded Rithwik Projects Pvt Ltd. The firm is involved in construction and infrastructure works. Within a span of 14 years, it has grown a total turnover of more than Rs 1,000 crore.

Meanwhile, Ramesh who is also an official spokesperson of Andhra Pradesh’s ruling Telugu Desam Party, has termed the raids as a “political vendetta.” He said that the I-T raids on his premises were prompted by the opposition YSR Congress.

“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,” Ramesh who won his second consecutive term in Rajya Sabha earlier this year, said.

 

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