IT officials of 100 teams raiding in Hyderabad: The officials of the Income Tax Department initiated surprise raids in Hyderabad. More than 100 teams are conducting raids in the city. Several businessmen, politicians and celebrities are raided from morning.
The Kohinoor real estate is said to have made out some ventures in several government lands. The officers suspect that some politician might be a Benami owner of the properties. The sleuths are also thinking that Kohinoor real estate is doing large-scale business operations in Hyderabad.
Sleuths are questioning concerned businessmen about their tax payments. They also examined log sheets and audit details. The IT officers are also questioning the finance managers of the company. CRPF police officers are not allowing customers to enter the shopping malls.