Hyderabad: Income Tax (IT) Department officials have been conducted searches at various premises in Kukatpally, Banjara Hills, Jubilee Hills, Madhapur, Basheerbagh and other areas today morning.
As part of the investigations into suspected financial irregularities the searches are being held at both residential and business premises.
Businessman Bolla Ramakrishna, who also runs a television channel, is among the places raided by the IT Department team. One of the teams searched his residence at Rainbow Vistas Rock Garden in Kukatpally.
Ramakrishna is into various businesses including finance, health care, liquor, and real estate. He also heads BRK News Channel.
A team of IT officials is also conducting a raid on the headquarters of a finance company.
