IT raids are once again creating a stir in Hyderabad. Recently, officials conducted searches in a chemical industry and offices in Balanagar. A team of IT officials from Delhi conducted these searches. Less than a week ago, searches by IT officials at many places in Hyderabad created a stir. 60 officers formed in 20 teams simultaneously conducted raids at different places.
These searches were conducted in the affiliated companies of Excel Group in Hyderabad. Officials are conducting inspections at the Excel Rubber Limited company near Gachibowli Mind Space. Infra, IT group of engineering, and healthcare group of companies are run by Excel group.
Also, IT officials are conducting inspections in subsidiary companies in Bachupally, Chandanagar, Kokapet, Babukhan, and Front Villas. There have been allegations of irregularities in the income tax payments of this company. It is in this order that IT officials are conducting inspections which have become a topic of discussion.
In December, a large number of documents and electronic devices were seized during two-day IT raids on real estate trader Vamseeram Builders. Inspections were conducted in many areas of Hyderabad and Vijayawada. Along with the main office in Jubilee Hills, Hyderabad, searches were conducted at other places. Documents, hard disks, pen drives, computers, and CPUs were seized and shifted to the IT office.