• Download mobile app
17 Oct 2021, Edition - 2287, Sunday

Trending Now

  • Money laundering case: CBI raids premises of former Maharashtra home minister Anil Deshmukh
  • Uttarakhand minister Yashpal Arya, his MLA son join Congress
  • Amitabh Bachchan cancels contract with pan masala brand, returns money received for promotion

Coimbatore

IT raids on finance firm, gold dealer’s premises in Coimbatore

Covai Post Network

Share

Coimbatore : Income Tax department officials are carrying on raids in four branches of a finance company, involved in gold loan business, and on the premises of a gold dealer in Big Bazaar Street in the city.

The raids were being conducted based on information that the gold dealer had transacted a huge money reportedly through the Kerala-based financial firm having branches across the city, police sources said.

The raids began in the wee hours and was continuing, they said. A seven-member team of officials first raided the office and house of the owner of the gold dealing firm and reportedly found that a large number of transactions happened through his account during the demonetisation period, they said.

Moreover, there was information that transactions were high of late and preliminary investigation revealed that they were through the financial firm, Officials are carrying out raids in four branches of the firm in Koundanpalayam, Cross Cut Road, City Railway station and Oppanakara Street, they said.

Subscribe To Our Newsletter

COIMBATORE WEATHER