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    HomeTelanganaGangula's family granite firm receives notice from Enforcement Directorate

    Gangula’s family granite firm receives notice from Enforcement Directorate

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    The Enforcement Directorate (ED) has sent a notice to Swetha Granites and Swetha Agencies, which are owned by the family members of Telangana’s BC Welfare minister Gangula Kamalakar. The notice is regarding their violation of the Foreign Exchange Management Act (FEMA). The ED officials have found irregularities in the export of granite material to China by the Swetha granite companies. The companies have only paid Rs 3 crore to the government but owe around Rs 50 crore.

    In November 2022, the ED and Income Tax (IT) department officials conducted raids at granite companies in Baopet of Kothapally mandal in Karimnagar district for three days. They also searched the minister’s house, which is also the official address of Swetha Granites.

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    During their inspection at ports in Kakinada, Krishnapatnam, Chennai, and Visakhapatnam, the officials discovered that the size of the granites mentioned to the Mines department was different from the actual size of the export. The quantity of granite exported exceeded the permissible limit of 7.6 lakh cubic meters.

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    Rajesh M
    Rajesh M
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