Tolivelugu Crime Bureau: The Income Tax Department has once again attacked the influentials in Hyderabad. While searches are being conducted on companies affiliated with the BRS party for many years, the recent inspection of the companies close to the Congress leader is disturbing the respective circles. Searches are being conducted at Excel Group’s Gachibowli, Bachupally, Chandanagar, and Bollaram as well as directors’ houses. Family members are directors in this company belonging to Raghunath Reddy of Kadapa district. Even though it has failed to manufacture and market tires under its own brand, the same company has been supplying tires and rubber to South India from Hyderabad to Birla, Villas, and Ace companies.
What is the link to Anirudh Reddy?
IT raids are taking place in the companies of Raghunath Reddy of Kadapa district. They are partners in Excel Rubber Private Limited, Cyber Spare IT Services, Vilas Polymar, and Ace tires. But the houses of Congress leader Aniruth’s relatives were also searched. Raghunath Reddy, who has huge lands in Telangana, has leased them to anyone? Are financial transactions in real estate companies the reason for IT raids? It is to be known. There are allegations that Anirudh Reddy has no political background as he is close to the Komati Reddy family.
Calculations in the rubber company are perfect!
Auditing and tax payments are accurate in Excel, a company that started in 1988. But, the effect of its sister companies, the ones related to infra, seems to have affected the former in this manner.