Ongoing I-T Raids on Former YSRC MLA Grandhi Srinivas
Income Tax officials have reportedly extended their raids on the properties of former YSRC MLA Grandhi Srinivas, who has been involved in the aqua business for over thirty years, into their fifth consecutive day as of Sunday. However, there has been no official confirmation from the Income Tax department regarding the specifics of the raids or any seizures made.
According to reports, a team from the Chennai Income Tax Department, assisted by the Central Industrial Security Force (CISF), visited seven locations on Wednesday to examine records related to Srinivas’s businesses, income, and tax compliance.
Sources indicate that raids were conducted in various locations, including Bhimavaram, Eluru, Nagayalanka, Singarayakonda, and Chennai. Additionally, the properties and homes of his relatives, business associates, and close aides in Bhimavaram, Machilipatnam, and Eluru were also targeted. During these operations, officials allegedly seized cash, documents, electronic devices, hard drives, and various business records.