Officials of the income tax department today conducted raids at different places in the two Telugu-speaking States.
The raids were also held in some shopping malls.
In Hyderabad, the raids were conducted in the Hitech City, Jubilee Hills, Madhapur, Kukatpally and Dilsukhnagar areas.
The raids were conducted following a tip-off that some real estate companies had made huge investments in some business entities, including some shell companies.
The officials had conducted the raids on these companies in the past as well.
It is learnt that raids were conducted on the famous shopping mall R S Brothers, too.
According to sources, as many as 25 IT teams conducted simultaneous searches at different premises of R S Brothers, a leading garment and jewellery retailer.
filed in:Telangana, Andhra Pradesh, IT-Raids, Income Tax