Raids yield Rs 265 cr from TDP MLA
- Vydehi institutions come under cloud
Tirupati: The Income Tax raids on the medical institutions in Bengaluru and other business establishments founded by late DK Adikesavulu Naidu in Karnataka and other States yielded Rs 265 crores of unaccounted money according to official sources. The properties are now owned and managed by his wife Satya Prabha who happens to be the TDP MLA representing Chittoor constituency in AP Assembly. The widow of Adikesavulu Naidu who was one of the financiers of the TDP supremo Chandrababu Naidu was given the party ticket in the last elections. They own the richest business empire. The news of the raids had sent shockwaves throughout the district. They are known for their charity. Adikesavulu Naidu donated a lot of money to the TTD also. According to IT officials, an unaccounted money to the tune of Rs 256 crore was seized from the institutions run by Satyaprabha. The IT raids were conducted on the MLA’s residence in Chittoor town on September 23 and 24. She was asked to file returns by this month end. The officials had simultaneously conducted raids on her houses and offices at Bengaluru, Hyderabad and some other places. They also raided the Vydehi Medical college and hospital at Whilefield in Bengaluru. Mallya Hospital and other business entities in Bengaluru also were raided on Tuesday and Wednesday. During these raids, the officials seized Rs 43 crore in cash.
They are donations, claims Satya Prabha
However, Chittoor Telugu Desam Party MLA DA Satya Prabha, widow of former MP and business tycoon Adikesavulu Naidu, claimed that the cash seized was generated from donations received at the time of admissions in the medical college. The large amount of unaccounted cash was seized at the residence of the one of the trustees of the Vydehi Medical College. The Vydehi Group runs medical, dental, paramedical and nursing colleges in Bengaluru. The group also has hospitals and dialysis centres at Bidar and Kolkota. Vydehi Medical College was registered as a minority institution. The seats allocated after accepting donations are now blocked by the IT officials putting the students in a tight spot. The officials are scrutinizing the documents seized in the raids.