Hyderabad: TD MP C.M. Ramesh, among AP Chief Minister N. Chandrababu Naidu’s closest aides, was raided by Income-Tax sleuths on Friday on suspicion of largescale I-T Act violations.
Twelve teams of I-T officials raided the offices and residences of Mr Ramesh and his group companies at Hyderababad, Prodattur and Delhi. The sources said that the companies were in debt in 2014 but had bagged works worth Rs 3,000 crore in AP and other states after that.
The group bagged power and irrigation projects in Rayalaseema, and mining and power projects outside AP. In recent times, it secured a hydroelectric project in Uttarakhand.
The company was pulled up for its work on the Handri Niva Sujala Sravanti and Vamsadhara projects. Tax officials checked the balance sheets and invoices of Rithwik Projects. No cash or documents were seized and the raids are likely to continue on Saturday. Searches were also held at the offices of Mr Ramesh’s relatives who are in the construction and irrigation projects businesses.
