Seyadu Beedi Company found with Rs 3 crore unaccounted money after IT raid
- 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
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FollowIn 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.Â
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.
The income tax department decided to raid the offices after reports of tax evasion.Â
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