IT raids on Tuesday morning in Hyderabad created a sensation. IT officials have searched all ten places in the city. Officials are conducting inspections at the residence of a news channel MD and owner of a finance company.
The raid is taking place at the residence of Businessman Bolla Ramakrishna, the founder of a prominent news channel, who is staying on rent in Rainbow Vista, Kukatpally. Bolla Ramakrishna is working as MD of a news channel.
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Apart from this, Bolla Ramakrishna also has a finance company. The office of his finance company, which is located at Paiga Plaza in Bashir Bagh, is also being searched. IT officials are not allowing anyone to enter the 2nd, 3rd and 4th floors of the building. Apart from this, it is reported that officials are searching at 10 places.
IT raids started early this morning, around 5:30 AM, with a team of 8 officials leading the operation. Details regarding the raid are still awaited.
