Income Tax Raids Conducted on Bharat Rashtra Samithi (BRS) MLAs in Hyderabad
Hyderabad, June 14 – Income Tax officials initiated searches at the premises of Bharat Rashtra Samithi (BRS) MLAs P. Shekhar Reddy and Marri Janardhan Reddy in Hyderabad and other locations in Telangana on Wednesday. The search operations took place under stringent security measures surrounding the residences of Bhongir MLA Shekhar Reddy and Nagarkurnool MLA Marri Janardhan Reddy.
Shekhar Reddy is involved in diverse sectors such as real estate, mining, solar energy, and lithium battery businesses through his enterprise known as Theertha Group. The company reportedly engages in mining activities in South Africa and has successfully completed numerous residential and commercial projects in Hyderabad and Karnataka.
During the raids, Income Tax officers also conducted searches at the premises of two technology companies where Shekhar Reddy’s wife, Vanitha Reddy, holds the position of director.
Sources indicate that the Income Tax department deployed 50 teams to carry out simultaneous searches at various properties linked to real estate companies and their promoters in Hyderabad. The teams are scrutinizing the income records of these companies as part of an investigation into alleged irregularities in income tax payments.
