Hyderabad: Shaking the grounds of the ‘Megha’ empire, the Income Tax flash raids are still on, in the residence of industry giant Megha Krishna Reddy. Like never before the searches are going on from the last 5 days by the deployed IT officials from New Delhi under the surveillance of CRPF. According to the information from close sources, the searches will be carried out for the next two days also. But why are he officials taking so long? What properties and valuables did they seize so far?
ToliVelugu team has taken up an exclusive coverage over the ‘Megha’ raids and has picked up some interesting clues which revealed some crucial information. It has come to our notice that Income Tax officials are now ‘Focus’ing on Megha’s accounts. Into the story, As part of the raids, IT officials came to know that Focus Softnet Pvt Ltd has been offering all the necessary software to the accounting department of Megha’s companies. Information is that IT is now zeroing on the Megha companies’ accounts with the help of Focus’ software and it would obviously take another two days to go through the millions of transactions. Meanwhile, the officials are also scrutinising the locker details of Megha and his family members in various local bank branches.
Catch a glimpse of the seized gold from one of the local banks,