A company associated to TDP MP CM Ramesh made suspicious financial dealings of over Rs 100 crore.
A series of suspicious financial transactions were made through a company Rithwik Projects Pvt Ltd (RPPL) wherein TDP MP Ramesh is a director.
Telugu Desam Party (TDP) leader and Rajya Sabha MP CM Ramesh has come under the Income Tax gage for suspicious financial dealings of over Rs 100 crore.
According to an article published in Indian Express, all these suspicious financial transactions were made through a company Rithwik Projects Pvt Ltd (RPPL) wherein TDP MP Ramesh is a director.
The particular development arises a week after the Income Tax department carried out search Operations at several places associated to Ramesh.
Ramesh is the Founder Chairman of Rithwik Projects Pvt. Ltd., which was set up in 1999 and it has grown to a turnover of more than 1000 Crores within a span of 14 years.
The company is one of the leading Infrastructure Developers in India and has interests in energy, roads, irrigation projects and property development.
Ramesh is also an Official Spokes Person of National Telugu Desam Party, representing the party as a Member of Parliament (Rajya Sabha) from Andhra Pradesh, India.
He won his second consecutive Rajya Sabha term in 2018. He holds a great position in TDP.