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HENNAI: Income tax investigation wing officials on Wednesday launched searches on the premises of Buhari Group and Gulf-based ETA Group of Companies in Chennai and other places following information on concealment of income by them.
“We commenced searches on 75 premises belonging to these groups across the country, including 10 premises in Tamil Nadu. In Chennai, the searches are being done in a mall and offices and residential premises of important people in the groups,” a senior I-T official.
Buhari Group has interests in construction, power, trading, engineering, real estate and shipping. The group also owns a famous engineering college on the outskirts of Chennai.
ETA Group too has interests in various sectors. Its operations are spread across the country and abroad.
Bureau Report
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