Skip to main content

Sekhar Reddy, the miner contractor and the crores I-T seized


The day income-tax authorities searched the homes and official chamber of Tamil Nadu chief secretary Rama Mohan Rao, the CBI arrested a contractor-sand miner who has been at the centre of the I-T crackdown so far. Sekhar Reddy, 49, has seen 14 of his premises raided since December 8. I-T officials claimed they have seized Rs 132 crore in currency notes including Rs 34 crore in Rs 2,000s, as well as 177 kg gold including 80 kg seized from a suite in a Chennai five-star hotel. “They had booked two such rooms for a long period. The bills, mostly in tranches of Rs 10 lakh, were paid by a firm owned by Reddy,” said an I-T officer.

It was to probe the sources of the currency that the CBI had stepped in, arresting Reddy and two of his associates Wednesday.  Reddy’s high connections were in public focus even before the raids began, with vernacular media widely reporting his alleged wealth havens and transactions. Around the time the late J Jayalalithaa was released from Bangalore prison, a photo that went viral showed Reddy with present Chief Minister O Panneerselvam, who had also stood in for Jayalalithaa during that period. Side by side, Reddy and OPS stood in front of the Tirupati temple. Reddy, part of the managing body Tirumala Tirupati Devasthanams, has since been removed. Reddy’s possible links to the chief secretary too are being probed.

Get more information visit at: http://bit.ly/2hVxZs3

Comments

Popular posts from this blog

Payroll services in Gurgaon

EXPATS IN INDIA OR MOVING TO INDIA FOR Work OR BUSINESS Unfamiliar nationals visiting India for over 180 days on a business visa, research visa, or work visa are expected to get themselves enlisted with the Outsiders Territorial Enrollment Office(FRRO). An individual should get an FRRO enrollment from an Outsiders Enlistment Official (FRO) within no less than 14 days of appearance in India. The essential capability of the FRRO is to administer the enlistment and documentation prerequisites for unfamiliar nationals visiting or living in India. It fills in as the focal expert for giving visa augmentations, visa changes, and other migration-related administrations. Key liabilities of the FRRO include: 1. Enlistment of Unfamiliar Nationals: The FRRO commands that far-off nationals for work or Business should enroll themselves with the Neighborhood FRRO within no less than 14 days of appearance in India. 2. Visa Administrations: The FRRO cycles and awards visa expansions, visa transformatio...

What is Payroll Outsource Process ?

For any business, managing payroll is indeed a dreadful task as it consumes a lot of man hours and is not also income generating. Besides being cumbersome, it is also tiring as rules and regulations keep changing and therefore, software needs to be updated and employees are also required to abreast themselves with new tools. So to get away this tedious chore, why not outsource your payroll processing to Brooks Consulting? All you would need to do is provide us the payroll data and we will give you a viable, confidential and accurate payroll processing service . We, at Brooks Consulting offer a convenient and easy to use payroll processing services. We provide easy to read payroll checks and reports which are sent to the company via courier or e-mail. Our payroll management services are safe and a hundred per cent free of errors. We have a team of specialists who are trained in payroll processing and can also give you personalised help. These specialists are only a c...

Recruitment Service in Delhi by Payroll Services India

In today’s competitive business environment, finding the right talent quickly and efficiently is critical to organizational success. Whether you are a startup scaling operations or an established enterprise looking to expand, partnering with a trusted recruitment agency can make all the difference. Payroll Services India offers top-notch recruitment services in Delhi , helping businesses hire skilled professionals across various industries with ease and precision. Why Choose Payroll Services India for Recruitment Service in Delhi ? As a leading recruitment company in Delhi , Payroll Services India understands the complexities of hiring in a fast-paced urban market. Here's what makes them a preferred choice among employers: 1. End-to-End Hiring Solutions From job posting and candidate sourcing to screening, interviewing, and final placement, Payroll Services India provides comprehensive recruitment solutions that save your business time and effort. 2. Industry-Specific Expert...