The ruling Telugu Desam Party legislator from Chittoor, Satya Prabha is finding herself in the eye of a big storm with raids by the Income Tax Department yielding a massive Rs 265 crore unaccounted wealth from the premises belonging to her educational institutions and other business establishments.
Satya Prabha is the widow of businessman Adikesavalu Naidu, who was once a treasurer of the Congress Party and later joined the Telugu Desam Party.
The IT Department carried out raids at the residence of the legislator in Chittoor as well as the offices of the Vydehi Medical College and Research Center at Whitfield near Bengaluru.
While several documents pertaining to the unaccounted wealth were recovered from her residence, the searches at the institutions yielded Rs 43 crore in cash, believed to be donation deposited by the students aspiring for a medical seat in management quota.
The IT personnel also raided and searched the houses of the members of the Trust which runs several colleges and hospitals. The searches were done in Andhra Pradesh, Karnataka, Goa and some other States.
The IT Department has issued notice to Satya Prabha to file returns to explain various properties and assets, the documents of which were recovered from her home. “This is one of the biggest seizures of cash in Karnataka and Goa”, an official said. The trust set up by Adikesavalu Naidu runs medical, dental, nursing and para medical colleges. The raids over the last one week came just before the medical college was to conduct counseling for the new admissions.