Hyderabad: Is everything set for the arrest of Megha Krishna Reddy who took no time to join the list of multi-billionaires in the Telugu states? Did the flash raids on 35 of his properties reveal his illegal dark secrets? Is this the reason behind ED’s entry into the scene?
Two day-long searches by the Income-tax department has reportedly seized key documents and hard disks and are digging deep into the industry giant’s transactions. Almost 78 officials form State and 20 from Delhi are carrying out the operation, questioning Megha Krishna Reddy from the past two days under the surveillance of CRPF. Shocking everyone, ED entered the scene taking the crucial money laundering documents submitted by TV9 founder Ravi Prakash. Rounding this off, speculations are around that Megha’s supremo would soon be jailed consolidating all the documents including the ones found in the raids.