I-T raids realtor, 'finds deals tied to Naidu kin'
U Sudhakar Reddy | TNN | Updated: Feb 28, 2019, 04:15 ISTHYDERABAD: The Income Tax department on Tuesday and Wednesday conducted searches on Sandhya Realtors Pvt Ltd and Sandhya Hospitality Pvt Ltd and claimed to have found crucial real estate and land sale transactions of Andhra Pradesh CM N Chandrababu Naidu's relatives.
TDP leaders said that BJP was using the central agencies against their party leaders because they have parted ways with the NDA ahead of the Lok Sabha election this year. They said the transactions were genuine.
Sources said I-T is questioning S Sreedhar of Sandhya Realtors regarding the transactions of Naidu's wife Nara Bhuvaneswari and daughter-in-law Nara Bhramnai. The realtors have allegedly shown advances towards real estate transactions but after the registration of sale, profits have not been shown in tax returns.
TDP leaders said that BJP was using the central agencies against their party leaders because they have parted ways with the NDA ahead of the Lok Sabha election this year. They said the transactions were genuine.
Sources said I-T is questioning S Sreedhar of Sandhya Realtors regarding the transactions of Naidu's wife Nara Bhuvaneswari and daughter-in-law Nara Bhramnai. The realtors have allegedly shown advances towards real estate transactions but after the registration of sale, profits have not been shown in tax returns.
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