Hyderabad: The Enforcement Directorate (ED) is conducting raids at several properties linked to Minister Ponguleti. One of the main locations being searched is his residence in Jubilee Hills.
The investigation has also expanded to include properties related to Raghava Constructions. ED officials are currently searching the homes and offices of the company’s Managing Director and other Directors.
The ED is reportedly looking into issues related to GST and Income Tax payments connected to Raghava Constructions. Additionally, the agency is investigating the income sources of Ponguleti’s son, Harsha Reddy. There were earlier allegations that expensive watches were purchased using Bitcoin, which led to searches by the Income Tax Department.
These ongoing ED raids are part of a larger investigation. So far, the raids are being carried out at 15 different locations across Telangana. More information is expected as the investigation continues.
