Chennai, July 16 : Sleuths of the Income-Tax department on Monday conducted
raids at the premises of popular road contractor SPK Group following complaints of
huge tax evasion.
IT sources said the simultaneous raids were being held in about 30 premises belonging
to the group in Chennai, Madurai and Aruppukkottai in the southern Virudhunagar district
of Tamil Nadu.
The Group has been several road development and highway road contracts by the
state government and was said to have close links with some leaders of the ruling
AIADMK.
Reports said that unaccounted cash to the tune of Rs 50 crore were said to have been
seized during the raids.
The searches comes close on the heels of the IT raids on the premises of Christy
Friedgram Private Limited, which was the major supplier of food grains and eggs
to the nutritious noon meal programme of the State Government being provided to
lakhs of school children.
UNI.
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