IT raids at Gokulam Chit Fund group

April 19, 2017, Chennai

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Chennai, April 19: Officials of the Income-Tax department today conducted raids at the properties of Gokulam Chit Fund groupacross Tamil Nadu following complaints of alleged tax evasion.
IT Sources said that the searches were being conducted in about 80 places across Tamil Nadu, Puducherry, Kerala andBengaluru.

About 36 places belonging to the chit fund group in variousparts of Chennai city were also raided. It included the group's hotel, office and other properties.

The properties of the firm at Coimbatore were also searched.

Around 500 officials were involved in the raids.