Income tax Raid: seized worth Rs120 cr

According to the income tax authorities, over Rs 120 crore has been detected in the income tax raids conducted by four companies, including Saravana Bhavan and Anjapur restaurants.

On January 3, 2011, income tax officials began a test in Saravana bhavan and Anjapar restaurants in Chennai, Hot Bread Bakery and Grant Sweets Sweet Sales.

Several documents were seized in a trial of 3 days in 32 places, of 4 companies, owners and executives.