IT raids once again in Hyderabad city

RSD-Hyderabad news:  IT officials are conducting raids once again in Hyderabad. They have been conducting inspections in several real estate companies since 18.11.2024 morning. Simultaneous raids are underway at three places, including the residences of Kalpana Rajendra Laxman, the manager of the company, and the offices of Banjara Hills in Chevella, Shadnagar. Recently, Swastik Group sold land worth Rs. 300 crores to an MNC company in the Shadnagar area. However, it is learned that the IT officials are conducting raids in the wake of allegations that the balance sheets did not show the accounts related to the sale of land.