Telangana’s richest candidate from Congress, G Vivek, and his brother Vinod, who was also running for elections, were being investigated by the Income Tax (IT) and Enforcement Directorate (ED). Raids were conducted on their homes and offices in Hyderabad, Bellampally, and Mancherial Chennur Assembly segments.
The IT and ED were looking into a cash transfer of Rs 8 crore from Vivek’s company, Visaka Industries, to V Vigilance Company in Ramagundam. Recently, employees of Vivek’s company were found with Rs 50 lakh cash. The agencies are investigating the matter under the Foreign Exchange Management Act (FEMA). Four teams of IT officials are searching the residences of Vivek’s family members and followers.
G Vivek is the wealthiest candidate in Telangana, with assets worth over Rs 600 crore. His movable assets, mostly in the form of shares in Visaka Industries, are valued at Rs 377 crore. The family’s immovable assets are valued at Rs 225 crore. Vivek recently left the BJP and joined the Congress party to run for the Chennur Assembly constituency. Vinod was contesting from the Bellampalli Assembly segment.
