Chennai, October 25: The Income Tax officials on Thursday, October 25, conducted raids on the properties of VV Minerals in Tamil Nadu. According to news reports, raids have also been conducted at the residence of Vaikundarajan. Quint Founder Raghav Bahl’s Home, Office in Noida Raided by Income Tax Department.
S Vaikundarajan has been accused of large-scale illegal mining, a charge he has repeatedly denied. The massive raids conducted involved more than 100 officials, as per news reports. I-T Raids on Tamil Nadu Contracting Firm, Rs 100 Crore Cash, 90-kg Bullion Seized.
News agency ANI tweeted about the raids. Check the tweet below.
Income Tax officials are conducting searches at VV Minerals and it's owner Vaikundarajan. Searches underway at 100 locations in Tamil Nadu. More details awaited pic.twitter.com/kko9B0zFYJ
— ANI (@ANI) October 25, 2018
Searches are underway at over 100 locations in Tamil Nadu, according to the initial media reports. A TOI report said that a TV news channel owned by S Vaikundarajan has also come under the scanner. The raids started in the early hours of Thursday morning. VV minerals is one of the largest garnet exporting companies of India.