A Telangana based Newspaper today carried a front page report about Income Tax raids on Popular Industrialist, My Home Group Jupally Rameshwara Rao. The report said the raids are happening for the past couple of days on all the houses and offices of Rameshwara Rao in Hyderabad and the other areas.
Income Tax Department is keeping these raids confidential. Incidentally, no other media house in both the Telugu States has reported this news. My Home Rameshwara Rao is a close aide of Telangana Chief Minister K Chandrasekhara Rao.
Some opposition parties allege that My Home Group is flourishing under KCR’s rule with the state government benefitting the companies in several ways. With TRS leaning towards the NDA government, IT raids on KCR’s close aide at this time will be definitely a sensation.
Interestingly, Rameshwara Rao maintains good relations with BJP as well. Recently for some spiritual programs, Rameshwara Rao conducted, Union Minister Venkaiah Naidu also attended. We will only understand what is happening when the complete details emerge about these raids!