Taxmen swoop down on Sahara office in Lucknow

Taxmen swoop down on Sahara office in Lucknow

Taxmen swoop down on Sahara office in Lucknow

The Sahara Group is the owner of the IPL Pune team. It paid a whopping Rs 1,700 crore to win the bid.

According to sources, three teams of the I-T department comprising 16 members from Lucknow and Kanpur arrived at the Sahara India’s head office at Kaporthala and conducted a ‘survey’.
Sources said that the searches centred around the sources of funding for purchasing the Pune team by the Sahara group and other details of the bidding.

“The I-T team sought documents relating to the company’s IPL bid and the same were provided to them,” a Sahara official told Deccan Herald here on condition of anonymity.

“We are cooperating with the I-T department.....we have nothing to hide,” the official said. He, however, denied that there was a raid by the I-T sleuths. “It’s a routine survey,” the official said.

The I-T department is conducting raids at the offices of IPL franchisees as part of the ongoing inquiry into the controversies surrounding the IPL bid. The I-T department, while confirming the searches, remained tightlipped about the seizures, if any.