I-T raids at premises of TDP MP
Income Tax department officials carried out raids at the residence and offices of Telugu Desam Party MP Nama Nageshwar Rao.
IT officials are still carrying on inspection at residence and office in Delhi. Madhucon group of companies’ offices at eight places across India raided.
Madhucon Group has interests in quarrying, construction and infrastructure. Nama Nageswara Rao topped in the list of richest MPs in India with net worth of Rs 173 crore.
With defeat of Erran Naidu, Nama became face of Telugu Desam Party in Delhi. Madhucon Projects has bagged Rs 830 crore orders from NHAI in May 2010. Its clients include Indian Railway Construction Company and Indian Oil Corporation Limited.