Oct 25, 2010

Labels: , , , , , ,

Income Tax officials raids Reddy brothers residential premises

In one of the largest single-day operations in recent times in Karnataka, the officials of the Income Tax Department have raided the residential premises belonging to Health Minister B. Sriramulu in Bangalore, and offices and residences of two BJP legislators, who are involved in mining business.

The premises belonging to BJP MLA from Koodligi B. Nagendra and BJP MLA from Kampli T.H. Suresh Babu, both considered close to the Reddy ministers, were raided in Bangalore as well as in their home towns early on Monday morning.

Searches were also conducted in the rooms allotted to Mr. Suresh Babu and Mr. B. Nagendra in the Legislators Home in Bangalore. According to the sources in the IT Department, a large number of documents have been seized, and their bank accounts have been frozen. The raids were said to be conducted at over 50 premises.

The raids assume importance in the background of allegations from opposition parties that the ruling BJP is paying off MLAs from other parties to resign from their post.

An important aspect of the operation is that it appears to be targetted against close confidants of the Reddy brothers. A large number houses, offices, business establishments, mining and construction firms have been raided by the IT Department.

Sources in the Income Tax Department have also indicated that the residences and offices of one of Mr. Reddy’s personal assistants, Ali Khan, and a legal advisor, Raghavacharlu, were also searched by the officials at Bellary, Hospet and Bangalore.

The raids were launched simultaneously at many cities including Bangalore, Hospet, Bellary, Hubli, Belgaum by officials of the Karnataka and Goa region.
Source: The Hindu


Post a Comment

Give us your comments


Site Meter