Income Tax raids at popular beedi company

Income Tax raids at popular beedi company
The Income Tax department on Wednesday conducted series of raids at the premises of Tamil Nadu’s biggest beedi manufacturer, Seyad Beedi Company.
Sources said the raids, which began at 7 am at the office, business and residential premises of Seyad Beedi Company, were continuing.
The raids were being held in about 40 locations, including at its headquarters in southern Tirunelveli district, where the business began several years ago, and at its premises in Madurai and Chennai.
The raids come a day after a section of media claimed to have accessed IT documents that linked some ruling party leaders and top officials with a mega gutkha scam.
But it’s not clear whether the raids at some 40 premises of the beedi manufacturer located in Chennai, Madurai and Tirunelveli are related to the gutkha scam.
More than 200 officials were involved in the raids, which were being held in the presence of armed Central Para military forces.