Sensational issues: Rs 300 crore black money in Ramky Group | Seizure of key documents | IT attacks on Ramky groups.

Sensational issues: Rs 300 crore black money in Ramky Group | Seizure of key documents | IT attacks on Ramky groups.

The Ramky Group, owned by YCP MP Alla Ayodhya Ramireddy, was recently attacked by IT.  The IT department on Friday released a press note detailing the inspections and other details of the order.  Documents worth Rs 1,200 crore were seized in the deal.  The IT department also said that about Rs 300 crore of unaccounted cash was found.

Rs 300 crore black money in Ramky Group – Central IT department.

Sensational issues have come to light in the case of IT attacks on Ramky companies. According to the Central Income Tax Department, Rs 300 crore of black money has been recovered from the Ramky Group. It has been confirmed that Rs 1,200 crore has been shown as artificial loss and tax evasion. Rs. 300 crore to pay tax on black money.

Ramky revealed that the company has agreed. It is learned that on the 6th of this month, there were IT attacks on Ramky companies in Hyderabad. The IT department has seized several documents proving that illegal financial transactions have taken place. Ramky Chairman Ayodhya Ramireddy is currently the YCP Rajya Sabha MP.

The IT department said in a statement that it had sold a major stake in Ramky to Singaporean individuals and destroyed documents worth Rs 288 crore.

Ramky said the project has been undertaken in railway stations across the country as well as in areas such as waste management.

The IT department alleged that the Ramky company had deliberately shown losses.  It has shown an artificial loss of Rs 1,200 crore.  Major share in Ramky sold to Singaporean individuals.

Sensational issues: Rs 300 crore black money in Ramky Group | Seizure of key documents | IT attacks on Ramky groups.
Sensational issues: Rs 300 crore black money in Ramky Group | Seizure of key documents | IT attacks on Ramky groups.

  It was found that he had tried to evade Rs 300 crore in taxes by showing false calculations.  In addition, documents worth Rs 288 crore were destroyed, the IT department said.  Ramky said the project has been undertaken in railway stations across the country as well as in areas such as waste management.