Income Tax officials conducted searches on several premises belonging to G Square Realtors Private Limited across Tamil Nadu on Monday, April 24.
“The searches on a relator were for suspected tax evasion,” an Income Tax official said, refusing to disclose further details.
Simultaneously, the residence of Anna Nagar DMK MLA M.K. Mohan was searched at Chennai, prompting his supporters to stage a protest.
Searches were also conducted on premises belonging to a few other individuals, but the IT official did not give further details.
In a statement, G Square said there was no truth to the allegations made against it. “We assure everyone that we have nothing to hide and nothing to fear. We are fully cooperating with the authorities throughout this process and are hopeful that this validation will put an end to the malicious propaganda that has been spread against us,” it added.
In 2019, the Income Tax Department conducted searches on several premises belonging to G Square.
