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I-T Raids On Vemireddy For Joining YSRC?

It looks like prominent industrialist, philanthropist from Nellore Vemireddy Prabhakar Reddy is paying a price for defecting from Telugu Desam Party to YSR Congress party.

It was only last week that Vemireddy joined the YSRC after getting a firm assurance from party president Y S Jaganmohan Reddy that he would be nominated to Rajya Sabha elections to which are likely to be held in another three months.

He also participated in Praja Sankalpa Yatra of Jagan a couple of days ago.

Vemireddy was disgruntled with TDP president N Chandrababu Naidu for going back on the promise of nominating him to Rajya Sabha and preferred Kurnool leader T G Venkatesh to him.

But, Vemireddy’s defection to the YSRC was not taken kindly by the TDP leadership. On Wednesday night, there were reported Income Tax (I-T) raids his houses and offices in Nellore, Chennai and Hyderabad.

Vemireddy owns an infrastructure company called – VPR Infrastructures which takes up works across the world. The details of the IT raids are not yet known.

Though the TDP sources deny of having any connection with the I-T raids on Vemireddy, the timing of the raids has led to these suspicions.

One wonders why there were no Income Tax raids on Vemireddy till date and why only now. Obviously, he cannot commit a fraud within a few days.

Definitely, something is fishy in this entire episode!

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Tags: Vemireddy YSR Congress