Twitter Is Shocked To See The Amount Of Money Found After An IT Raid On A Pharma Company In Hyderabad
Tuesday, October 12, 2021 IST
However, a picture apparently from this raid is doing the rounds and it has caught a lot of attention. The picture shows a cupboard filled with wads of cash.
The income tax department claimed to have found unaccounted income to the extent of ₹550 crores and seized unexplained cash amounting to ₹142.87 crores from a Hyderabad-based major pharmaceutical group during a series of raids conducted on Wednesday.
An official release from the income tax department said the pharmaceutical group is engaged in the manufacture of intermediates, Active Pharmaceutical Ingredients (APIs) and formulations. Most of the products are exported to the USA, Europe, Dubai and African countries, the release said.
However, a picture apparently from this raid is doing the rounds and it has caught a lot of attention. The picture shows a cupboard filled with wads of cash.
Twitter is in splits after seeing a locker full of cash. Many even wondered where have they kept their clothes.
Despite the fact that the department did not mention the name of the pharmaceutical group, an official familiar with the development disclosed it as Hetero Drugs, which is the first pharmaceutical company in India to launch the generic version of Remdesivir injection, Covifor, used in the treatment of Covid-19.
The Hetero Group is promoted by B Parthasarathy Reddy, a member of the Tirumala Tirupati Devasthanams trust board. He was also one of the accused in the quid pro quo case being probed by the Central Bureau of Investigation against YSR Congress party president and Andhra Pradesh chief minister Y S Jagan Mohan Reddy.
Related Topics
Related News & Articles
Who said romance is dead? ‘A thousand miles is pretty far, I’ll walk to you if I had no other way’- This groom from Uttarakhand seems to have take...
Recently posted . 597 views . 3 min read
Trending News & Articles
Animals keeping other animals as pets? Yes, you have read it right. Adding to the list of unlikely friends, we bring you a wonderful codependent relationship betwee...
Recently posted . 1K views . 1 min read
This is how the professionals get trapped into SISI - Single Income, Single Identity A "mouse" was put at the top of a jar filled with grains ...
Recently posted . 1K views . 4 min read
“Our ancestors built and lived in homes that served all their needs. These houses were well ventilated while we need ACs now. Almost three generations would...
Recently posted . 1K views . 1 min read
Simple tips to help you design your kitchen on a budget while avoiding any structural changes.
Recently posted . 920 views . 0 min read
More in Others
"Mission Garima, for our brave sanitation workers," wrote Ratan Tata.
Recently posted. 897 views . 0 min read
A rare happening was captured on camera at the Kruger National Park in South Africa, when a male baboon was seen carrying a lion cub.
Recently posted. 472 views . 0 min read
एक साधू किसी नदी के पनघट पर गया और पानी पीकर पत्थर पर सिर रखकर सो गया।
पनघट पर पनिहारिन आती-जाती रहती हैं तो तीन-चार पनिहारिन...
Recently posted. 162 views . 2 min read
Recently posted . 541 views
Recently posted . 550 views
Recently posted . 1K views
Recently posted . 1K views
A US TikTok star had a close brush with death while he tried to swim in ice water in Utah to record a video.
Recently posted. 477 views . 0 min read
There is no way to know what goes on inside the depths of the forests, how some animals behave when they are…not seen. However, a few years ago, a physical e...
Recently posted. 476 views . 2 min read