Hyderabad, July 24 -- The Income Tax Department on Thursday, July 24, reportedly raided the residence of Ch Bhadra Reddy, son of former labour minister Ch Malla Reddy, in Kompally. This comes days after IT officials inspected financial transactions at Mallareddy Hospitals and Mallareddy Medical College in Suraram.

There are allegations against Malla Reddy saying he collected large sums of money from students for engineering and medical seats.

According to reports, IT officials have found irregularities in tax returns and questioned Mallareddy Hospital Chairman Bhadra Reddy and his family members following a tip-off about suspected large financial transactions.

However, Bhadra Reddy's wife, Preethi Reddy has denied that IT raids are bei...