Telangana MP Srinivasa Reddy's Firm 'Admits' Rs 60 Crore Black Money After Income Tax Raids

Agencies
November 9, 2018

New Delhi, Nov 9: A real estate firm linked to an MP of the ruling TRS in Telangana has admitted over Rs 60 crore as undisclosed income to the I-T department after multiple raids were conducted against it in September, officials said.

The firm, Ms Raghava Constructions, is promoted by Telangana Rashtra Samithi (TRS) parliamentarian P Srinivasa Reddy and his family members are partners in the company, they said.

Reddy was elected to the Lok Sabha in the 2014 elections on a YSR Congress Party ticket, but later switched over to the TRS.

The Income Tax (I-T) Department had launched searches at 16 premises of the firm and its executives in Hyderabad, Khammam, Guntur, Vijaywada, Ongole and Kadapa on September 18. The raids lasted four days.

The officials said the department has found tax evasion by the firm on at least three counts by allegedly processing "bogus sale bills" and letting of "sub-contracts to purported fictitious accounts."

The Member of Parliament (MP) from Khammam, Reddy, however, denied any wrongdoing.

"The I-T Department verification process in the case is still ongoing... Rs 60 crore is not the correct figure. The firm Raghava Constructions is a maximum tax paying company and last year it paid 14.5 per cent tax on its income and before this it paid 12 per cent income tax.

"The I-T formalities are not completed and I cannot say much as of now as I am in the campaign trail in the state," Reddy said.

Polls to the 119-member Telangana Assembly will be held on December 7.

The officials said the department, during proceedings in the case, recorded the statement of Prasad Reddy, managing partner of the real estate firm, and that he admitted undisclosed income to the tune of Rs 60.35 crore.

"The undisclosed income detected in this case is for various assessment years and the firm has assured it will soon pay the due tax," a senior official said.

The firm, the officials said, had also executed civil contract works for state government's schemes like 'Mission Kakatiya' and 'Mission Bhagiratha' that aims to better irrigation facilities and drinking water supply in Telangana.

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News Network
May 8,2020

New Delhi, May 8: The Supreme Court on Friday suggested that states should consider indirect sale and home delivery of liquor as per its statute and law to avoid crowding at liquor shops amid the ongoing coronavirus-induced lockdown.

A bench headed by Justice Ashok Bhushan refused to pass any orders on a public interest litigation (PIL) seeking clarity on the sale of liquor and to ensure social distancing while it is being sold in liquor shops during the lockdown.

"We will not pass any order but the states should consider indirect sale/home delivery of liquor to maintain social distancing norms and standards," Justice Ashok Bhushan said while disposing of the petition.

The PIL, filed by one Sai Deepak, sought directions for closure of liquor shops for failing to enforce social distancing, which is essential to prevent the spread of coronavirus.

The petitioner told the apex court that he only wants that the life of common people is not affected because of crowding at liquor shops during COVID-19.

Justice Sanjay Kishan Kaul, another judge in the bench, said that discussion on home delivery is already going on.

The top court, after hearing the petition complaining about flouting of safety norms at liquor shops, observed that it cannot pass any orders to different states but they should consider online sale and home delivery of liquor.

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News Network
February 3,2020

New Delhi, Feb 3: The Allahabad High Court on Monday granted bail to former BJP leader Swami Chinmayanand in the alleged rape case of a law student. He was arrested in September last year after the 23-year-old woman accused him of sexual harassment and blackmail.

The woman was a student of the Chinmayanand-controlled SS Law College in Shahjahanpur in Uttar Pradesh.

Chinmayanand is facing charges under Sections 376C (sexual intercourse by a person or persons taking advantage of their official position), 354 D (stalking), 342 (wrongful confinement) and 506 (criminal intimidation) of the Indian Penal Code (IPC).

The case is being investigated by a Special Investigation Team (SIT) formed on the directions of the Supreme Court.

The case came to light after the woman posted a video on August 23 last year on social media alleging that “a senior leader of the saint community” was harassing and threatening to kill her. The law student went missing a day later, after which her father lodged a complaint, accusing Chinmayanand of harassing his daughter.

Chinmayanand was expelled from the BJP after his arrest.

The SIT had, on November 6, submitted chargesheet in the case.

In a parallel case, the woman was charged with trying to extort money from Chinmayanad. The Allahabad High Court granted her bail in that case in December last year.

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News Network
April 23,2020

Riyadh, Apr 22: In an extraordinary initiative, the government of the Kingdom of Saudi Arabia has decided to facilitate the travel of expatriates who have an exit and reentry visa or final exit visa to return to their countries.

This is in line with the order of Custodian of the Two Holy Mosques King Salman, according to the Saudi Press Agency.

According to the initiative, called “Auda” (return), expatriates can apply seeking permission for travel to their countries through the Absher portal of the ministry.

Announcing this, Saudi's Ministry of Interior said that the initiative will be implemented in cooperation with a number of relevant government agencies.

Requests for travel from expatriates will be received and approved in coordination with the relevant authorities to complete their travel procedures on board international flights.

As per the initiative, a text message will be sent to the beneficiary stating the travel date, ticket number and reservation details, and by which the beneficiary can obtain his travel ticket and complete the travel procedures.

Clarifying the procedures for the travel, the ministry said that the applicant shall select the icon (Auda) after visiting the Absher portal and fill the following fields: iqama (residency permit) number, date of birth, mobile number, departure city and airport of arrival.

It is not mandatory for the expatriate to have his own Absher account for availing of the service, the ministry said, adding that this facility is to enable expatriates to benefit from this initiative.

The departure will be through the following airports: King Khalid International Airport in Riyadh, King Abdulaziz International Airport in Jeddah, Prince Muhammad International Airport in Madinah, and King Fahd International Airport in Dammam.

Those expatriates who are outside these cities can benefit from the service through entering airport of departure after completion of their travel procedures in sufficient period of time.

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