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Mining baron Sekhar Reddy arrested after Income Tax raids

Sand miner Shekar Reddy has been arrested, two weeks after the seizure of crores of rupees and gold in an income tax raid. The arrest has come hours after Income Tax officials conducted a raid on Tamil Nadu’s top bureaucrat chief secretary P Rama Mohana Rao at his home.

It was speculated that Rao’s home was raided on the basis of information obtained from the earlier raid.

Income Tax raids has unearthed Rs 130 crore in cash including Rs 34 crore in new currencies and 177 kg of gold from Shekhar Reddy’s premises.

Reddy has been a member of the Tirumala Tirupati Devasthanam and his firm JSR Infra Developers is a ‘Class One Contractor’ for Tamil Nadu government.

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