IT raids on Jeppiar institutions for the second day

Chennai, Nov. 8:

Sleuths of Income-Tax (I-T) conducted raids at Jeppiaar group of educational institutions for the second day today following allegations of tax evasion. According to sources, income tax authorities conducted searches at 25 educational institutes in the city and its outskirts.

The places where the I-T raids took place include, Jeppiaar Engineering College, Sathyabama Institute of Science and Technology, St Josephs College of Engineering, SRR College, Panimalar Engineering Collge, and Panimalar Polytechnic College.

Unaccounted cash and other documents were reported to have been seized during the raids, sources said. Yesterday, 30 places were raided by the IT officials. Last year, the IT authorities who raided the offices and premises of the institutions seized unaccounted cash worth Rs.8 crores.

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