IT searches at Tollywood actress Raasi's residence & Kolors healthcare properties

By Coreena Suares  Published on  30 Oct 2019 9:49 AM GMT
IT searches at Tollywood actress Raasis residence & Kolors healthcare properties

Hyderabad: Income tax sleuths carry out searches on at least 40 locations countrywide, against Hyderabad -based Kolors Healthcare India Pvt Limited, a company owned by Tollywood veteran actress Rassi’ relative.

Searches are currently underway at 25 locations across Telangana and Andhra Pradesh, besides actress Raasi's residence.

The company owned by Vijay Krishna Devula is into fitness, beauty, weight loss and more. The director owns a chain of clinics across India. During the launch, Tollywood veteran actresses Raasi and Rambha had endorsed the efficacy of slimming techniques of this clinic.

Acting on an intelligence input of tax-evasion, multiple teams from the anti-tax evasion department carried out searches at the residence and properties of Vijay Krishna Devula and another person by name Nagachandra Venkat Rayudu Gollapalli. The sleuths received a tip-off that the clinic has been charging high from their clients; however, evading tax.

As on October 30th 2.00 PM, no cash was seized; however, the sleuths have confiscated a number of receipts at the clinic. A probe into tax evasion has been initiated.

Vijay Krishna Devula, who owns the venture, is also associated with Kolors food sciences LLP, Kolors Healthcare franchise services LLP, Kolors beauty and wellness academy, advanced dentistry, healthcare and more.

The kolors health care company was incorporated in 2010 and is located in Hyderabad with its head office in Karkhana.

In this year, the company ran into trouble as Vijayawada Consumer Forum slapped them a fine of Rs 2 lakh. They were acting a complaint filed by a consumer who alleged them of cheating. The consumer had paid a huge sum for weight loss; however, with four months of treatment, there was no result, the complaint said.

As Kolors Healthcare India Pvt Limited failed to explain, the Consumer forum imposed a fine.

Next Story
Share it