I-T dept launches multi-state raids on liquor baron Som Group
THE JHARKHAND STORY DESK New Delhi, Nov 7: As part of a tax evasion investigation, the Income-Tax department on Tuesday began…
THE JHARKHAND STORY DESK
New Delhi, Nov 7: As part of a tax evasion investigation, the Income-Tax department on Tuesday began conducting multi-state searches against the Som Group, a significant player in the manufacturing and sale of liquor, official sources stated.
The searches are covering about 40–45 locations throughout Madhya Pradesh, Chhattisgarh, Maharashtra, Delhi and Karnataka, they stated.
Searches were conducted at sites in Bhopal and the neighbouring Raisen district in Madhya Pradesh, where the business house has significant installations.
According to the sources, the tax department is investigating allegations of injecting funds into the company, which may include contributions from foreign sources.
The department is also looking into allegations that certain “benami” directors are involved with the group companies, they stated.
The company operates its own bottling facility and engages in the production, marketing, bottling, labelling and distribution of alcoholic beverages.
