Chennai, November 28: The Income Tax department on Tuesday conducted raids at 33 places in Tamil Nadu — 21 locations in Chennai and 12 outside the capital — including premises of Spectrum Mall’s owner, Patel group, MARG group, Milan group and Ganga foundations group.
Today’s raids came a few days after searches were conducted at jailed AIADMK leader VK Sasikala’s kin and business associates.
“Search operations are on… The officials are carrying out searches in the premises of Marg group, S2, and Millennium,” an IT official said, Hindustan Times reported.
During the raids on Sasikala’s family members and premises of Jaya TV in Chenna, the I-T official unearthed an unaccounted income of over Rs 1,400 crore.
The raids on 187 locations including in this metropolis, Bengaluru, Hyderabad and New Delhi were conducted by over 1,000 officials. The raids were conducted based on inputs, including those from the Finance Ministry’s Financial Intelligence Unit.
The allegations included suspicion of shell companies, dubious investments, suspicious fund flow and its transfers and fudging of accounts.