Income Tax Raid At The House Of MLA Madhavaram Krishna Rao

There has been a lot of fuss and growing tension in the Telugu film industry after Income tax officials have started raiding the offices and residences of celebrities including TV actors and film producers. Earlier, the Income Tax (IT) department had raided Suresh Babu’ Ramanaidu Studios in Film Nagar on Wednesday. Media personality and TV star Nani’s house was also caught in the raiding act by the IT officials. Along with it, well-known production houses like Haarika Haasine Creations, Sitara Entertainments also registered their name in the raiding list by the Income-tax office.

But not just cinema celebs but politicians like Kukatpally TRS MLA Madhavaram Krishna Rao are also on the list. Recently, IT officials gushed into the house and offices of Madhavaram Krishna Rao as his son Sandeep Rao Madhavaram is one of the six directors in the real estate company.

The raid carried till late night on Wednesday was concerning the MLA’s son Sandeep Rao, who is one of the six directors in the Praneeth Homes Company, against some financial transactions. A separate and independent team was made to raid the offices of Praneeth group and houses of all the six directors, including MLA's house.

According to our sources, the IT team has captured several important documents that are said to be related to the transaction of properties and lands done by the construction company.

This raid at the house of an MLA has created a buzz over the internet about the image of the MLA, people have engaged themselves in debate and media has found a good opportunity to raise questions to the people involved in it.