IT raids created a significant stir in Hyderabad on Tuesday morning, as officials launched searches at ten locations across the city. Starting in the early hours, officials conducted raids at the residences of key individuals, including the Managing Director of a news channel and the owner of a finance company.
In addition to his media role, Ramakrishna is reportedly associated with a finance company, which is also under scrutiny. IT officials are conducting searches at his finance company’s office located in Paigah Plaza, Basheer Bagh. Access to the 2nd, 3rd, and 4th floors of the building has been restricted by the officials.
According to sources, IT raids are being carried out simultaneously at ten different locations, indicating a comprehensive investigation into financial and business dealings. Further details about the nature of the investigation are awaited.
