Five popular restaurant chains in Chennai, including the Saravana Bhavan group, are being raided by Income Tax officials.
Raids are being conducted at the offices of Saravana Bhavan, Grand Sweets, Hot Breads and Anjappar Group in Chennai. Searches are underway at 32 locations in the city, including the homes and offices of the directors of the restaurant groups.
Income Tax department officials said the searches are being done following complaints of alleged tax evasion. "We have information that these groups have been indulging in large scale tax evasion over the last several years. Only after investigation at these places, we would be able to assess," a senior officer told NDTV.
Saravana Bhavan, the most well-known among the five restaurant groups, has a number of outlets in India and across the world, including New York, London, Paris, Singapore and other cities.
More details are awaited.