ED raids in Hyderabad, Karimnagar

Hyderabad: Enforcement Directorate officials are conducting raids at several granite companies in Hyderabad and Karimnagar today in connection with alleged financial irregularities. According to the reports, 30 teams are conducting searches in Karimnagar and Hyderabad since today at 8 am. It is learnt that the searches are going at Hyderguda and Somajiguda in Hyderabad after receiving complaints that granite mining is allegedly being carried out under the supervision of a political leader. It is said that both ED and IT officials are conducting raids in Hyderabad. Sources said that the raids are conducting after the granite traders violated the FEMA norms.