IT Raids at Financier's House in Kadiri

26 May, 2022 10:17 IST|Sakshi Post

A Kadiri moneylender has assets worth a hundred crores of rupees.

Ramanareddy is a crook who was discovered through IT raids.

As a pawnbroker, he has 30 residences in Kadiri, as well as excellent plots in Bangalore.

The house contained 50 lakhs in cash and a crore in promissory notes.

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Ramanareddy became addicted to high-interest private chits.

Moneylender Ramanareddy has been served with notices requesting him to explain how he received the funds to purchase the assets.

Officials from the IT department have yet to release specifics to the media.

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