Former TTD Board Member & AIADMK Leader J Sekhar Reddy was caught with huge amount of unaccounted cash after Demonetisation was announced. In December last year, About Rs 142 crore cash has been seized during the IT Raids on properties belonging to Sekhar Reddy. This include Rs 34 crore worth Rs 2,000 notes.
Sekhar Reddy was charged with tax evasion and money laundering. He was granted bail 87 days after being arrested and lodged in the prison. He, however, was arrested again 3 days after obtaining bail in connection with an another case.
Reportedly, Sekhar Reddy paid Rs 400 crore to Tamil Nadu Ministers and Bureaucrats. He has got business dealings with former Tamil Nadu Chief Secretary P Rama Mohana Rao's Son Vikram Rao.
Enforcement Directorate attached Rs 33.74 crore worth properties belonging to Sekhar Reddy and his Associates. The unaccounted cash seized during the IT Raids belongs to Mr.Reddy's Sand Mining Firm.
Sekhar Reddy was charged with tax evasion and money laundering. He was granted bail 87 days after being arrested and lodged in the prison. He, however, was arrested again 3 days after obtaining bail in connection with an another case.
Reportedly, Sekhar Reddy paid Rs 400 crore to Tamil Nadu Ministers and Bureaucrats. He has got business dealings with former Tamil Nadu Chief Secretary P Rama Mohana Rao's Son Vikram Rao.
Enforcement Directorate attached Rs 33.74 crore worth properties belonging to Sekhar Reddy and his Associates. The unaccounted cash seized during the IT Raids belongs to Mr.Reddy's Sand Mining Firm.