Why Did the I-T Department Raid Congress Leader Ranjith Reddy and DSR Group?
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Synopsis
In a significant development, the Income Tax Department raided Congress leader G. Ranjith Reddy and the DSR Group. This investigation into tax evasion allegations involved multiple locations in Hyderabad and Bengaluru, raising questions about the financial dealings of prominent political figures and real estate companies.
Key Takeaways
- Income Tax Department conducted extensive raids.
- Ranjith Reddy is linked to the DSR Group.
- Allegations of tax evasion are under investigation.
- Raids occurred at around 30 locations.
- Documents and devices were seized for inquiry.
Hyderabad, Aug 19 (NationPress) - The Income Tax Department executed raids on Tuesday at the properties linked to Congress leader and former MP G. Ranjith Reddy, alongside the DSR Group of companies.
These coordinated searches took place at around 30 sites in Hyderabad and Bengaluru early Tuesday, stemming from an investigation into allegations of tax evasion.
The I-T officials targeted the DSR Group headquarters located in Jubilee Hills, Hyderabad. Additional searches were reported in prominent areas such as Banjara Hills, SR Nagar, and Suraram, according to sources.
Searches included the premises of DSR Infrastructure Pvt Ltd, DSR Infra Projects, DSR Constructions, DSR Prime Spaces, and DSR Infra Developers.
The investigation also extended to the residences and offices of DSR Group's Managing Directors Devireddy Sudhakar Reddy, Executive Director Devireddy Prabhakar Reddy, and others.
Officials reportedly confiscated documents, accounting records, and various devices as part of their inquiry into suspected concealed income and irregularities in property dealings.
The raids also covered Ranjith Reddy's residence and office, conducted under stringent security measures.
A former MP representing the Chevella constituency, Ranjith Reddy is believed to have ties with the DSR Group, which operates within the real estate sector. He is reported to have financial interactions with DSR Prime Spaces, DSR Infra Developers, and other affiliates of the group.
Ranjith Reddy was elected to the Lok Sabha from Chevella on a Bharat Rashtra Samithi (BRS) ticket in 2019 but transitioned to Congress shortly before the last Lok Sabha elections. Although he ran as a Congress candidate, he was unable to reclaim his seat.
With declared assets amounting to Rs 435 crore in his election affidavit, Ranjith Reddy stood out as one of the wealthiest MPs.
Established in 1988, the DSR Group ranks among the leading builders in South India, with operations in Bengaluru, Hyderabad, and Chennai.
Point of View
This situation underlines the ongoing scrutiny of financial transparency in both politics and business. The Income Tax Department's actions reflect a commitment to tackling tax evasion, which remains a pressing issue. As investigations proceed, it is vital to maintain an unbiased view while allowing due process to unfold.
NationPress
19/08/2025
Frequently Asked Questions
What prompted the I-T raids on Ranjith Reddy?
The raids were prompted by allegations of tax evasion involving Ranjith Reddy and the DSR Group, leading to coordinated searches across multiple locations.
How many locations were searched during the raids?
Approximately 30 locations in Hyderabad and Bengaluru were searched as part of the investigation.
What kind of documents were seized during the raids?
I-T officials seized documents, account books, and devices related to the investigation of concealed income and property transaction irregularities.
What is the background of Ranjith Reddy?
Ranjith Reddy is a former MP from Chevella, he was elected in 2019 and later joined Congress after leaving the Bharat Rashtra Samithi.
What is the DSR Group known for?
Founded in 1988, the DSR Group is a prominent real estate developer in South India, with projects in Hyderabad, Bengaluru, and Chennai.
