VVMinerals: IT raid reported Rs 800 crore
According to the income tax authorities, the revenue loss of Rs 800 crore has been detected in the tests conducted by VV Minerals and the revenue from Rs 1800 crore to Rs 2500 crore has been recovered and Rs 8 crore cash was collected.
The VV Minerals Company is headquartered in Thirunelveli district and is headquartered in the shore. The Income Tax officials have searched for the last one week in the area where the company belongs to vaikundarajan.
A total of Rs 8 crore cash was seized during searches, according to income tax officials. The income tax department has also discovered that overseas investments have been carried out by 8 firms overseas.