CHENNAI: Income tax officials who searched Saravana Stores 'brahmandamai' and realty companies Lotus Group and GSquare in Chennai and Coimbatore for greater than per week had to dig up some graveyards to unearth unaccounted money, documents, gold and diamonds, price several hundred crores of rupees.
In all, Rs 433-crore of unaccounted income has been unearthed on the 3 business establishments. About 25 crore in money, 12 kg gold and 626 carats diamonds were also seized.
The simultaneous searches at 72 places belonging to Saravana Stores proprietor Yogarathinam Pondurai, his affiliate Ramajayam alias Bala, proprietor of Lotus Group and GSquare, and their pals would have come a cropper if no longer for the leads officials were given a few automobile wearing valuables and documents doing the rounds in Chennai. "Before our teams reached the spot, the assessees got information about the searches. Some police officials alerted owners of business establishments including Pondurai and Bala about possible I-T searches as heavy police protection had been sought and many cars were hired by the I-T department to transport officials," stated a senior I-T official.
‘ Staff deleted data from computer systems’
The official stated, “Pondurai and Bala put most documents, large amount of cash, gold and diamonds in an SUV and instructed the driver to just keep driving across the town. Their body of workers deleted all data from the computer systems and CCTV footages. Following questioning, we came to grasp concerning the SUV wearing money and valuables. We intercepted it with the help of police. Not a lot may well be seized from the automobile, however we were given details about several baggage of valuables buried in burial grounds and dumped in some constructions.”
In all, Rs 433 crore unaccounted income has been traced in the 3 business establishments. The sleuths also seized Rs 25 crore in money, 12 kg gold and 626 carats diamonds.
The protracted operation ended best after nine days. “We have were given evidence of large business transactions between Pondurai and Bala. About Rs 284 crore unaccounted income used to be traced in Pondurai’s business establishments and about Rs 149 crore used to be detected in the two companies owned by Bala,” he stated.
The I-T division has engaged a workforce of IT professionals to reconstruct the entire information deleted from the seized computer systems.
Pondurai, Bala, their partners and business pals were dealing in large amount of cash, the official stated. “A property price Rs180 crore used to be bought by them, entirely the usage of money, in Chennai,” stated the official.
It took sustained questioning to extract data from house owners and workers of the entire 3 corporations, officials stated.
In all, Rs 433-crore of unaccounted income has been unearthed on the 3 business establishments. About 25 crore in money, 12 kg gold and 626 carats diamonds were also seized.
The simultaneous searches at 72 places belonging to Saravana Stores proprietor Yogarathinam Pondurai, his affiliate Ramajayam alias Bala, proprietor of Lotus Group and GSquare, and their pals would have come a cropper if no longer for the leads officials were given a few automobile wearing valuables and documents doing the rounds in Chennai. "Before our teams reached the spot, the assessees got information about the searches. Some police officials alerted owners of business establishments including Pondurai and Bala about possible I-T searches as heavy police protection had been sought and many cars were hired by the I-T department to transport officials," stated a senior I-T official.
‘ Staff deleted data from computer systems’
The official stated, “Pondurai and Bala put most documents, large amount of cash, gold and diamonds in an SUV and instructed the driver to just keep driving across the town. Their body of workers deleted all data from the computer systems and CCTV footages. Following questioning, we came to grasp concerning the SUV wearing money and valuables. We intercepted it with the help of police. Not a lot may well be seized from the automobile, however we were given details about several baggage of valuables buried in burial grounds and dumped in some constructions.”
In all, Rs 433 crore unaccounted income has been traced in the 3 business establishments. The sleuths also seized Rs 25 crore in money, 12 kg gold and 626 carats diamonds.
The protracted operation ended best after nine days. “We have were given evidence of large business transactions between Pondurai and Bala. About Rs 284 crore unaccounted income used to be traced in Pondurai’s business establishments and about Rs 149 crore used to be detected in the two companies owned by Bala,” he stated.
The I-T division has engaged a workforce of IT professionals to reconstruct the entire information deleted from the seized computer systems.
Pondurai, Bala, their partners and business pals were dealing in large amount of cash, the official stated. “A property price Rs180 crore used to be bought by them, entirely the usage of money, in Chennai,” stated the official.
It took sustained questioning to extract data from house owners and workers of the entire 3 corporations, officials stated.
Tamil Nadu: Taxmen dig up graveyard, unearth gold, diamond, cash
![Tamil Nadu: Taxmen dig up graveyard, unearth gold, diamond, cash]()
Reviewed by Kailash
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February 08, 2019
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