12 locations of the Aishwarya Group in the Surat, Morbi raided by I-T
On Thursday, the Income Tax (I-T) Department conducted a series of raids against business groups in Gujarat’s Surat and Morbi. They are under scrutiny due to suspected financial irregularities.
The investigation began today with over 100 officials raiding 12 locations of the Aishwarya Group in the Surat textile industry. Further investigations stretched to Morbi, where a business group involved in the ceramic sector also underwent scrutiny by tax officials.
The coordinated raids and surveys, a direct consequence of the recent electoral conclusion, targeted the textile giant and extended to affiliated enterprises, including a notable coal businessman linked to the Aishwarya Group, officials shared.
The authorities are exploring the possibility of uncovering substantial undisclosed financial transactions through these operations.
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