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IT raids GMR offices in four cities

Published: 12th October 2012 10:35 AM  |   Last Updated: 12th October 2012 10:35 AM   |  A+A-

Income tax sleuths on Thursday carried out simultaneous searches at the offices of GMR group across four cities for suspected tax evasion. Some documents have reportedly been seized.

According to sources, the Hyderabad unit of income tax, comprising about 100 IT sleuths, carried out searches in Delhi, Mumbai, Bangalore and Hyderabad since the wee hours of Thursday. The sleuths reportedly went through several documents and payments related to tax deduction at source. “We have seized some documents and are going through it,” the sources said.

A GMR spokesperson confirmed the IT searches. “We are extending all assistance to the officials. We are confident that they will find our corporate practices and books satisfactory,” the spokesperson said. Later, in a statement, the GMR group said: “At GMR Group, we follow the highest ethical and legal standards in our businesses...We are confident that these on-the-spot checks will vindicate the same.”

GMR group has businesses in Turkey, Singapore, Indonesia, Maldives, South Africa and Nepal besides India. The company is a Bangalore headquartered global infrastructure major, with interests in airports, energy, highways and urban infrastructure sectors.



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