Summary:
HYDERABAD: Sleuths of the income tax department on Thursday carried out searches on ten locations of Divis Laboratories Limited, the country’s fifth largest listed pharmaceutical company in terms of market capitalisation. Nilima Motaparti’s father-in-law Motaparti Siva Rama Prasad was a former director at Heritage company, owned by Chandrababu Naidu’s family. Motaparti’s assets were pegged at Rs 6,530 crore, securing her the15th position on the list. Divis Lab chief financial officer Kishore Kumar Lingamaneni was not available for comment despite various attempts. Prasad quit heritage after his name figured in the database of Panama papers..