The IT officials have raided four branches of Peram Group in Visakhapatnam in the early hours of Tuesday. Rumours were doing rounds for the last few days that the IT sleuths might raid the Peram Group. Peram Group is owned by Haribabu. He is relative of Gurajala TDP MLA Yarapathineni Srinivasa Rao. Haribabu’s family members are acting as directors in the firm. The raids might continue till midnight if required till tomorrow morning. Peram Group is into real estate business and have branches in Telugu states.