Raids on plants, offices and residences of directors of both the companies from 7 am, possibility of black money of crores coming out. Raids on the plants, offices and residences of the directors of both the companies from 7 am, black money of crores is likely to come out.

In Vadodara, the Income Tax Department conducted raids at 7 places including two chemical companies, offices and residences of directors from early this morning. The raids at as many as 7 places simultaneously by the Income Tax Department have spread among tax evading businessmen.

Proceedings with Police Arrangements
According to the information received by the Income Tax Department, the offices of the chemical company located near Gorwa, Gotri Harinagar water tank, Gorwa BIDC, Panoli GIDC and chemical production units located at Nandeshari besides the residences of the directors of the companies. The Income Tax Department conducted mass raids on as many as 7 places including It is to be noted that these two companies are being discussed as Prakash and Kutch Chemical Companies. However, no official information has been given by the Income Tax Department.

Proceedings with tight police presence

Get product information
The Income Tax Department has conducted the raid with the help of the local police since early morning. The Income Tax Department has seized some objectionable documents and is conducting an investigation. Besides, investigation of bank accounts has started. Along with this, the teams of the Income Tax Department have started an investigation by getting the information including the chemical production and sale in the company.

Proceedings at the offices of the companies

Checking accounts of family members
Sources have said that the income tax department has seized the computer data of the income-payers and sealed the bank lockers. Also, the bank accounts of the family members are being probed in the raids conducted at the residences of the directors. Besides, it was found that cash and jewelery were also being searched in the houses of the directors.

Crores of black money will come out
In Vadodara today, the production sites, offices and residences of the directors of two chemical companies were raided in 7 places. During the raid, the chances of getting unaccounted black money of crores of rupees are being served. During the raid, the office workers were sent out of the office. It is learned that the employees were forced to sit outside the office for hours during the raid operation. The main gate of the office has also been closed by the police. As a result, entry outside or inside the office campus was stopped.