Taxmen raid industrialists

The Kodigehalli residence of Congress leader K N Chakrapani, the Indiranagar residence and office of N Ananda Reddy, owner of Nandhini Group of Hotels; the Ali Asker Road residence of K Prakash Shetty, owner of the Goldfinch boutique hotel, and the residence and office of Kamal Pasha, owner of the Golden Hatcheries, were the target of these surprise raids.

“The raids began around 7 am and continued till 4 pm,” highly placed sources said. The I-T Department, however, has not disclosed the locations of the raided offices.

It is believed that the officials scrutinised and confiscated ‘important’ property documents, bank passbooks, vouchers, auditor’s reports and I-T receipts at all the 20 places where the raids were conducted.

The officials closely inspected, in particular, the property deeds, jewellery and cash at Chakrapani’s residence.

The raids also looked into the aspects of ‘black’ money stockpiled by the industrialists.