Source: News Bharati English19 Apr 2017 15:59:15
Chennai, April 19: In connection with a tax evasion case, the Income Tax (IT) department on Wednesday begin searches at about 80 locations in Tamil Nadu, Karnataka and Kerala.
One of the officials said that the raids had been conducted against the city-based chit fund company and its associates where IT department raid on 43 locations in Tamil Nadu, 29 in Kerala and 6 in Karnataka apart from few others.
Adding to the point the official said “the department was acting on some vital inputs on black money being stashed and generated by the chit fund or Ponzi route and hence the searches were launched early morning today.
There isn’t clarified that whether the latest action has any connection with politicians or their associates from Tamil Nadu.
After conducting multiple searches a few days back, the IT department had raided the premises belonging to Tamil Nadu health minister C.Vijayabaskar and others days before the 12 April bypolls at RK Nagar assembly constituency have now been postponed by the Election Commission after reports of illegal money power being allegedly used to influence the polls.