Eight Income Tax (IT) teams have begun raiding several places including SEZ companies at Duvvada in Visakhapatnam on Thursday morning. The teams have reached from Telangana, Odisha and West Bengal states to Visakhapatnam on Wednesday night and stayed at IT office in MVP Colony. The IT officials are not allowing the media and police where they are conducting raids. The IT raids assumed significance as the Fintech festival is underway in Visakhapatnam. So far, no political leaders have responded over the ongoing IT raids.