I-T raids on Kalyani Group

Bengaluru, Sept 15: Income Tax officials on Thursday raided Kalyani Group in Bengaluru and other parts of the country.

Simultaneous raids were conducted at eight premises, officials said.

Several teams of I-T officials searched the premises belonging to the group in Bengaluru, Hyderabad and Chennai.

The companies raided include, Kalyani Motors and Kalyani Developers. The directors of Kalyani Motors are Veeraraghavaraju Narayanamma, Roopa Raju Narayana and Anantharaju Mohan Raju.

The group is into real estate business in Hyderabad and Bengaluru and has developed several projects. The I-T department officials said that the raids, searches and assessment was still on.