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- The state BJP president had made allegations of corruption; The DMK MLA’s son also has a stake in this company.
Bangalore4 hours ago
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G Square Realtors was established in October 2012. Earlier in 2019, this company was raided.
Income Tax (IT) searches are continuing on Tuesday at 50 locations of private real estate company G Square in Tamil Nadu. Monday was the first day of the raid. According to media reports, raids are on at the company’s offices in Chennai, Coimbatore, Trichy and Delhi. This raid is being done regarding tax evasion and irregularities.
State BJP president K Annamalai had on April 14 leveled allegations of corruption against several leaders, including G Square and the DMK president. He had made several claims about this company named DMK Files. He alleged that G Square is owned by the ‘first family of DMK’ ie MK Stalin.
He also said that the total revenue of the company is Rs 38,827.70 crore, which the company has earned through illegal means. Karthik Mohan, son of DMK MLA MK Mohan, also has a stake in this company. Following these claims, on Monday, IT officials also reached Karthik Mohan’s house to search.
DMK workers in Anna Nagar protested on Monday after the IT team reached the house of the MLA’s son.
Annamalai had alleged about the connection between G Square and Stalin
Tamil Nadu BJP President K Annamalai had alleged that the G Square Company had links with the family members of the state Chief Minister and DMK President MK Stalin. He also has a stake in the company. So, Stalin is promoting this company in the state by wrong means.
Annamalai also accused the state housing department of abnormally approving projects in G Square. He had said that the company was awarded three projects at Egattur and Coimbatore in Chengalpattu district of Tamil Nadu.
The state government and G Square termed the claims as baseless.
K Annamalai’s allegations were refuted by state Housing and Urban Development Minister S Muthusamy. At the same time, G Square Company has claimed that the family members of MK Stalin do not have ownership in the company, nor is the company under their control. The details of the assets of the company are available in the public records. Due to this, revenue claims of Rs 38,827.70 crore will be rejected.
IT raids real estate company in Karnataka too
IT also raided the house of Narayan Acharya, owner of Ankita Builders.
In Karnataka too, IT officials on Tuesday raided the office of private real estate developer Ankita Builders and the residence of its owner Narayan Acharya in Hubli. Apart from this, the IT team is also raiding the residence of another builder Arvind Kalburgi in the city.
On Monday also the IT team raided the state. The Income Tax team raided the residence of Karnataka Pradesh Congress Committee vice-president Gangadhar Gowda and his son Ranjan Gowda in Belthangady taluk of the state. Both these raids have also been done regarding tax evasion.
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