IT Raids on My Home Rameshwar Rao?

[Anta Assamey]

Income Tax raids have been conducted at the offices, residences, and properties belonging to Jupally Rameshwar Rao, chairman of My Home Group. IT sleuths have been conducting raids on Rameshwar Rao's properties since today morning 7 AM. Over 200 income tax officials reportedly took part in the raids and the raids are going on at Rao's office in Hitec City, his residence at Nandagiri Hills in Banjara Hills.

Amidst severe allegations against Rameshwar Rao and his aides with respect to the TV9 deal, the IT raids have become hot topic in political and media circles. 

It can be recalled that TV9's former CEO Ravi Prakash had made sensational allegations during his exit from the company. He had alleged that the promoters of TV9 were involved in money laundering to the tune of Rs 294 Crore. According to Ravi Prakash, TV9's original promoter Chintalapati Srinivasa Raju had sold 90 percent of his holdings in Associated Broadcasting Company Limited (ABCL) that runs TV9 to My Home group promoters Jupally Rameswara Rao and Jupally Jagpathi Rao and his associates for a Rs 500 crore deal. Of this Rs 206 crore was paid through cheque but the remaining cash amount was paid through offshore hawala networks, alleged Ravi Prakash.

In the wake of such serious allegations against Rameswar Rao, the IT raids gained significance. Meanwhile, a few TRS leaders have condemned the raids against Rameshwar Rao. The TRS leaders are accusing the ruling BJP of resorting to a "conspiracy" against TRS and its close aides. They allege that this is part of Operation Lotus which is trying to gain strength in Telangana where it recently won 4 Lok Sabha seats.

 

[Anta Assamey]

BJP valu Music start chesinattu vunnaru TRS ki .... 

[MiryalgudaMaruthiRao]

Modi to pettukuntey antey 

[jpismahatma]

Ravi Prakash debba home Rameshwar abba 

[r2d2]

Achche Din..

[Mr Mirchi]

2000 mandhi tho it rides ata....ddnemma bathaayooo ..entayyaaa nee meedha 2000 mandhi enti ayyaaa...swamiji emi chesthunnadayyaa

[JambuLingam]

9 minutes ago, Mr Mirchi said:

2000 mandhi tho it rides ata....ddnemma bathaayooo ..entayyaaa nee meedha 2000 mandhi enti ayyaaa...swamiji emi chesthunnadayyaa

200 vuncle

[JambuLingam]

37 minutes ago, Anta Assamey said:

Income Tax raids have been conducted at the offices, residences, and properties belonging to Jupally Rameshwar Rao, chairman of My Home Group. IT sleuths have been conducting raids on Rameshwar Rao's properties since today morning 7 AM. Over 200 income tax officials reportedly took part in the raids and the raids are going on at Rao's office in Hitec City, his residence at Nandagiri Hills in Banjara Hills.

Amidst severe allegations against Rameshwar Rao and his aides with respect to the TV9 deal, the IT raids have become hot topic in political and media circles. 

It can be recalled that TV9's former CEO Ravi Prakash had made sensational allegations during his exit from the company. He had alleged that the promoters of TV9 were involved in money laundering to the tune of Rs 294 Crore. According to Ravi Prakash, TV9's original promoter Chintalapati Srinivasa Raju had sold 90 percent of his holdings in Associated Broadcasting Company Limited (ABCL) that runs TV9 to My Home group promoters Jupally Rameswara Rao and Jupally Jagpathi Rao and his associates for a Rs 500 crore deal. Of this Rs 206 crore was paid through cheque but the remaining cash amount was paid through offshore hawala networks, alleged Ravi Prakash.

In the wake of such serious allegations against Rameswar Rao, the IT raids gained significance. Meanwhile, a few TRS leaders have condemned the raids against Rameshwar Rao. The TRS leaders are accusing the ruling BJP of resorting to a "conspiracy" against TRS and its close aides. They allege that this is part of Operation Lotus which is trying to gain strength in Telangana where it recently won 4 Lok Sabha seats.

12 Congress mlas ni konnadi veelle kada,  payback time 

[Android_Halwa]

Rameshwar Rao IT batch ki dorakadam koncham kastame..

Hyderabad real estate la one of the first 100% white transactions chesindi MyHomeGroup ae...

His business empire is 100% white...and has the reputation of paying advance taxes

[Android_Halwa]

Political parties financial support ni debba teeyadam typical modi mark rajakeeyam...

idedo asontide vunatu vundi

[Mr Mirchi]

1 minute ago, Android_Halwa said:

Rameshwar Rao IT batch ki dorakadam koncham kastame..

Hyderabad real estate la one of the first 100% white transactions chesindi MyHomeGroup ae...

His business empire is 100% white...and has the reputation of paying advance taxes

nee partnership entha vundhi my home lo

[Android_Halwa]

2 minutes ago, Mr Mirchi said:

nee partnership entha vundhi my home lo

ade vunte ie DB la enduku vunta, edano haiga real esttae chesukunta vunta kani..

[AndhraneedSCS]

9 minutes ago, Android_Halwa said:

Rameshwar Rao IT batch ki dorakadam koncham kastame..

Hyderabad real estate la one of the first 100% white transactions chesindi MyHomeGroup ae...

His business empire is 100% white...and has the reputation of paying advance taxes

nuvvu valla company auditor va?

[Anta Assamey]

11 minutes ago, Android_Halwa said:

Rameshwar Rao IT batch ki dorakadam koncham kastame..

Hyderabad real estate la one of the first 100% white transactions chesindi MyHomeGroup ae...

His business empire is 100% white...and has the reputation of paying advance taxes

Aa statement Mari athiseyokthi laga vundi..... With that much of business do you really think 100% white is possible ... I seriously doubt it ... 

[r2d2]

His business empire is 100% white...