Gokulam Chit fund, which is a well known brand in South India having its offices in more than 75 places was raided yesterday by the Income Tax Officials. The raid took place after a tip-off. The raid took place simultaneously in Chennai, Bengaluru and Kerala. Some 500 officials were deployed.
As per the last news, the officials has unearthed evidence of I.T. evasion to a tune of RS.150 Crores. This is a part of crack down on Modi led Government which is conducting raids and searches across the country in the prominent offices leading to seizure of few thousands of crores.