The Income Tax department conducted searches on Monday on the premises of G Square, a well-known Tamil Nadu-based real estate firm, in various locations in the state including Chennai, Coimbatore and Tiruchirappalli. The searches were reportedly held in the Karnataka and Telangana offices of the real estate firm too.
Amid reports that DMK MLA from the city M K Mohan was also being raided by the tax officials, his supporters staged a protest against the agency’s action. However, the city-based firm denied any allegations of links with the ruling DMK’s ‘first family’.
Some persons, including BJP state unit chief K Annamalai, had alleged that the company had links to the DMK’s ‘first family’, which G Square denied in response to Annamalai’s charges. The company said it had been “subjected to unwarranted persecution” for the past few months and there was no truth in the allegations.
In a statement, G Square said that as an organization, it believed in transparency and assured everyone that they had nothing to hide and nothing to fear. The company said it was fully cooperating with the authorities throughout the process and hoped that this validation would put an end to the malicious propaganda that had been spread against them.
Meanwhile, Tamil Nadu Housing and Urban Development Minister S Muthusamy said that no special concessions had been extended to G Square. He told reporters at Erode that G Square is a private firm that was started in 2013, and the present DMK Government is not giving any special concessions to the firm. No favoritism is shown to the company by the department of Housing and Urban Development.
The searches on G Square come amidst an ongoing crackdown by the Income Tax department on tax evaders and those who have undisclosed assets. The government has been stepping up efforts to crack down on black money and tax evasion in recent years.
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