Seyadu Beedi Company found with Rs 3 crore unaccounted money after IT raid

By Team Asianet Newsable | First Published Jun 29, 2017, 6:49 PM IST

Income tax officials have confiscated Rs 3 crore in unaccounted money from raiding Seyadu Beedi Company
The income tax department raided its 40 odd properties
The income tax department decided to raid the offices after reports of tax evasion

In the income tax raid carried out in the Seyadu Beedi Company, an unaccounted money Rs 3 crore has been confiscated.

A raid has been going on in 6 states including Tamil Nadu and Kerala. This includes the 40 properties of Seyadu Beedi Company.

The raid begun at 7 am in the proprietor’s house and the offices in the presence of Central Security Forces on July 28.

In Nellai, the raid has continued in 9 places including the headquarters. The office in Chennai’s Bells Road too has been raided.

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