Archive · 19 Sep 2025
Tax Officials Continue Raids on Businesses in Hyderabad
Tax officials are continuing their investigation into possible tax evasion by some businesses in Hyderabad.
They've been searching the offices of companies like CapsGold and Vasavi Group, as well as homes of some of the people involved.
They're looking at documents, questioning people, and trying to figure out if taxes were paid correctly.
The investigation has been going on for two days.
Income Tax and Enforcement Directorate raids continued for a second day.
Searches were conducted at CapsGold and Vasavi Group.
Officials investigated tax payments from the past five years.
CapsGold Director and family members were questioned.
ED officials searched the homes of Burugu Ramesh.
- Who
- Income Tax and Enforcement Directorate officials
- What
- Conducted raids and seized documents
- When
- Thursday, second day of raids
- Where
- Hyderabad, Warangal
- Why
- To investigate tax evasion
Business Owners
Government
Compliance with Tax Laws
Business Owners
Compliance with all applicable laws.
Government
Investigate and punish those who evade taxes.
- Subject of Investigation
- Tax evasion
- Entities Raided
- CapsGold, Vasavi Group, homes of Burugu Ramesh
- Officials Involved
- Income Tax and Enforcement Directorate
- Individuals Questioned
- Chanda Srinivasa Rao, Yerram Vijay Kumar
- Documents Seized
- Key documents
- Location of Searches
- Hyderabad, Warangal
