Page 19 - Anna Nagar News Today

The Income Tax (IT) department raids continued for the second day on Tuesday at the residence of Dravida Munnetra Kazhagam (DMK) MLA MK Mohan in Anna Nagar, Chennai, in an alleged connection with the 'G Square' firm.

The Income Tax Department on Tuesday conducted raids at the office of private real estate developer Ankita Builders and its owner Narayan Acharya's residence in Karnataka's Hubballi.

The Income Tax Department on Monday conducted raids at two residential premises of Karnataka Congress leader Gangadhar Gowda and an educational institution in Belthangady of Karnataka’s Dakshina Kannada.

On April 24, the Income Tax sleuths started the raids in over 50 locations connected to G Square Realtors, including Chennai, Trichy, Coimbatore,

The shareholder of the firm Karthik is the son of Anna Nagar DMK MLA MK Mohan whose house has been raided by Income tax.

The I-T sleuths began their search operation at multiple G Square offices in Chennai, Coimbatore, Tiruchirapalli, Hosur and other locations, with police deployment outside.

The BJP has accused top Dravida Munnetra Kazhagam (DMK) leaders of helping the real estate company grow in the state. 

The raids are being conducted in more than 50 places linked to G Square realtors, as per the reports.

The raids are conducted days after BJP state president K Annamalai released ‘DMK files’ with details of properties owned by those in DMK and alleged that the revenue of the realtor company increased multifold because of their alleged links to the DMK.

G Square Realtors said they are fully cooperating with the authorities and are hopeful that this validation will put an end to the malicious propaganda against the company.