Twitter Is Shocked To See The Amount Of Money Found After An IT Raid On A Pharma Company In Hyderabad
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 . 409 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 . 666 views . 1 min read
"Mission Garima, for our brave sanitation workers," wrote Ratan Tata.
Recently posted . 655 views . 0 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 . 578 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 . 543 views . 4 min read
More in Others
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. 666 views . 1 min read
After his story and video went viral, Baba ka Dhaba was soon crowded with many patrons showing up to help the local business.
Recently posted. 361 views . 0 min read
With automobiles and industrial work shut down, pollution levels across India have witnessed a drastic fall.
Recently posted. 360 views . 0 min read
Recently posted . 349 views
Recently posted . 333 views
Recently posted . 999 views
Recently posted . 1K views
"Mission Garima, for our brave sanitation workers," wrote Ratan Tata.
Recently posted. 655 views . 0 min read
Many endangered species on Earth are on the verge of being extinct and little is being done to fix that problem.
Recently posted. 336 views . 0 min read