Yashoda Healthcare: IT sleuths found unaccounted cash, gold on day one; searches continue

Hyderabad: The sleuths of Income Tax carried out searches against properties owned by Hyderabad based Yashoda Healthcare services private limited that runs a chain of corporate hospitals in the twin cities. On day one of the searches, unaccounted cash and gold was seized, sources told NewsMeter.

In an early hours of 22nd December, around 20 teams reportedly serving in the anti-tax evasion wing of the Income Tax knocked the doors of Yashoda Healthcare's directors. Extensive searches were held at the corporate office located in Nagarjuna hills and a high number of senior doctors were reportedly questioned.

'Barring for few employees, access was denied at the accounts department in the corporate office. The searches began at the residences of one director who later accompanied the IT officials to the head office, an employee with Yashoda hospital said. Concurrently teams were at the Secunderabad, Malakpet and Somajiguda hospital branch. The sleuths reportedly found unaccounted cash at the Punjagutta office.

According to the company records, the directors of Yashoda Healthcare Services Private Limited are Pavan Kumar Gorukanti, Gorukanti Vijaya Lakshmi, Ravender Gorukanti Rao and Suresh Kumar Tummala who was appointed in February 2020.

An independent check revealed that the longest standing director Ravender Gorukanti Rao shares directorship in 16 other companies. They include health care and construction, for instance Yashoda pharma and drugs, springfield, Wanton builders, Bell woods, Mee Vasanthi. While Pavan Kumar Gorukati is also the director to 7 other companies.

The searches are on at the time this report was filed.