HYDERABAD: Rajya Sabha MP C.M. Ramesh reacted strongly to the baseless allegations levelled against his firm Rithvik Projects Private Ltd (RPPL) by BJP leader G.V.L. Narasimha Rao who accused the company of evading Rs 100 crore of tax and said that Mr Rao was spreading crass lies and half-truths.
The speculative allegations would cost Mr Rao dearly if he failed to substantiate them, he said.
Mr Ramesh said Mr Rao was relying on a newspaper report as authenticated information which could prove costly to him. He said the RPPL is a private limited company and no public money was involved in the transactions.
Any dispute between the I-T department and his company was purely one of regulatory compliances and any deviation could be rectified within the framework of law, he said.
