This development took place within days after Income Tax sleuths raided the properties of Krishna Reddy who is the MD of Megha Engineering & Infrastructures Limited. Both Krishna Reddy and Narne Srinivasa Rao have been maintaining good dealings with the Ruling YCP Government in Andhra Pradesh.
Narne Srinivasa Rao is a close family member of Nara Chandrababu Naidu. He, however, differed with TDP Supremo and joined YCP prior to 2019 Elections. It was in May 2011, NTR married Narne's Daughter Lakshmi Pranathi. Narne, however, maintained Tarak has nothing to do with his decision to differ with TDP Leadership and sail with YCP.
Looks like, Pro-YCP Businessmen in the Telugu States has become a of BJP. IT Raids has become a powerful weapon to aim at those who are maintaining good relations with the Political Opponents.