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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.