Income Tax Dept Carries Out Raids on Telangana CM's Close Associates'Megha

[TheBrahmabull]

The I-T department raided Reddy's offices, residence and guest house in 15 locations in Hyderabad and also in the company's properties in Delhi and Mumbai.

The Income Tax department carried out raids at multiple offices of Telugu tycoon Krishna Reddy’s Mega Engineering Infrastructure Limited (MEIL) in Hyderabad and other cities.

The MEIL is one of the major infrastructure service providers in Andhra Pradesh and Telangana. MEIL directors Reddy, who is popularly known as 'Megha', and Pamireddy Pichi Reddy, are close associates of Telangana Chief Minister K Chandrasekhar Rao.

 

 

 

The I-T department raided Reddy's offices, residence and guest house in 15 locations in Hyderabad and also in the company's properties in Delhi and Mumbai.

MEIL was awarded the contract for construction of Kaleswaram Project, one of the world's largest lift irrigation projects and a flagship programme of the Telangana government’s Mission Bhageeratha, which provides water to every household with 45,500-kilometer pipeline with estimation cost of Rs 40,000 crores.

The company also constructed Pattiseema irrigation project in record time in Andhra Pradesh.

Besides the Telugu states, MEIL has large power projects in Jharkhand, Maharashtra, Uttar Pradesh and Andhra Pradesh. MEIL has also built Khargone lift irrigation project in Madhya Pradesh.

Apart from Hyderabad, the company has offices in Delhi, Mumbai, Jaipur, Bhopal, Varanasi, Ahmedabad, Bhubaneswar and Bengaluru, and sources said that are underway at all the locations.

The Income Tax Department suspects malfunctioning in the accounts of MEIL.

Reacting to the I-T raids, MEIL issued an official press note saying, “The income tax department is inspecting our office today. It is a routine inspection. It may come to your notice as well. I would like to clarify that it is not a raid or search and just a routine inspection.”

The MEIL Group of Companies comprises a total of 12 companies, which works in the fields of power generation, transmission, irrigation, infrastructure development and transportation. The turnover of the company in 2017-18 was 20 thousand crores and the company is expanding in the area of railways, airports and ports.

 

[TheBrahmabull]

38% stake in Tv9, he was contractor for Kaleshwaram project given by KCR and was the only contractor who did bidding for polavaram, Jagan gave contract to him against court order

[TheBrahmabull]

IT Dept has found huge amount of bogus expenditure and fake bills- after raids on premises of Megha Engineering (MEIL)

 

 

 

 

 

[TheBrahmabull]

Myhomes Jupally has 62% stake in ABCPL which owns tv9, remaining 38% is owned by PV Krishna reddy who is owner of Mega Engineering and got contract for Kaleshwaram and now Polavaram under Jagan. This is how tv9 management is doing samajika nyayam to both regions

[kittaya]

9 minutes ago, TheBrahmabull said:

IT Dept has found huge amount of bogus expenditure and fake bills- after raids on premises of Megha Engineering (MEIL)

 

 

 

 

 

Post more updates

[TheBrahmabull]

Just now, kittaya said:

Post more updates

- asalu TG lo okka media house kooda kanisam news eyatledu.. updates etla vosthay.. Journo sodharula whatsapp plus national media...

[TheBrahmabull]

ayina mukkodu Federal front kada..... modi ayina evadina aathcare antunna gorrelu

[kittaya]

1 minute ago, TheBrahmabull said:

- asalu TG lo okka media house kooda kanisam news eyatledu.. updates etla vosthay.. Journo sodharula whatsapp plus national media...

Mukkodu permission ivvaledha... motta lodhi...

[kittaya]

3 minutes ago, TheBrahmabull said:

ayina mukkodu Federal front kada..... modi ayina evadina aathcare antunna gorrelu

Langalaki androllu kutra ante chaalu... Vallaki tindi nidra niru akkarledhu... Brathikestharu...

[TheBrahmabull]

[TheBrahmabull]

ivvala repu motham all appointments cancelled anta jailgun gadivi.. -

megha krishna reddy gadi meeda rides aithey two state CMs why rey -  okademo aaaku paaku karepaku 50K employees lepestha kanundi 50% kadiki vochindu..

 

inkodemo motham appointments cancelled..

 

Chittur YCP nethaki money transfers from Megha - whyyy

[TheBrahmabull]

esupadam honeymoon ayipoyindaaa

[JohnSnow]

51 minutes ago, TheBrahmabull said:

38% stake in Tv9, he was contractor for Kaleshwaram project given by KCR and was the only contractor who did bidding for polavaram, Jagan gave contract to him against court order

Dora gadu maa jagan anna ni kuda baanisa ni chesi nela nakisthunnadu ga

[lovemystate]

14 minutes ago, JohnSnow said:

Dora gadu maa jagan anna ni kuda baanisa ni chesi nela nakisthunnadu ga

Modi ki dora baanchan.. anthe aa jevithalaki.. okadu baanchan okadu dora.. equality, freedom ivi boothu maatalu akkada. They confuse laziness and corruption with freedom like secretariat employees .

[TheBrahmabull]

 

Meghalu tadepalli ni gattiga takay