Archive · 21 Aug 2025
I-T Searches Expand, Targeting Business Nexus with Ranjith Reddy
Tax investigators, called I-T officials, kept searching the homes and offices of a former politician, Ranjith Reddy, for a second day.
They are looking at his money and business to see if he paid all his taxes.
They checked his bank accounts and safe deposit boxes, possibly finding documents about property and valuables.
The investigators are also looking at other business people who may be connected to Ranjith Reddy, including Anagudula Tirupati Reddy from SR Group.
They are trying to figure out if anyone has been hiding money or breaking tax rules.
I-T officials continued searches at Ranjith Reddy's residence and offices for a second day.
Officials are examining documents and bank transactions related to Reddy and his family.
Reports suggest documents related to immovable properties and gold were found in lockers.
I-T officials are investigating business links with other businessmen.
Searches extended to offices of SR Group's MD, Anagudula Tirupati Reddy, due to connections with Reddy.
- Who
- Income Tax officials, Ranjith Reddy, and business associates like Anagudula Tirupati Reddy.
- What
- I-T officials continued searches and investigations into the business dealings of Ranjith Reddy and associates, with potential links to tax evasion.
- When
- Searches continued for a second day, starting from Tuesday.
- Where
- Searches in Hyderabad and surrounding areas, including residences, offices, and banks.
- Why
- To investigate potential tax evasion, financial irregularities, and undisclosed business activities.
Ranjith Reddy/Associates
I-T Department
Alleged Violation
Ranjith Reddy/Associates
N/A
I-T Department
Income tax evasion by the DSR Group of Companies.
- Involved Parties
- Ranjith Reddy, Anagudula Tirupati Reddy, SR Group
- Investigation
- Tax Evasion and Financial Irregularities
- Locations Searched
- Hyderabad and surrounding areas
- Agency
- Income Tax (I-T) Department
- Key Finding
- Possible links to Andhra Pradesh liquor scam