I-T sleuths conduct raids at Sahara offices

Published>Fri, Apr 23 10 02:26 AM

Sahara India Pariwar's corporate headquarter in Kapoorthala, in Lucknow, was a centre of activity, with income tax officials conducting a day-long survey of the documents related to the Indian Premier League (IPL). According to sources, the income tax sleuths were screening documents related to Sahara Adventure Sports Limited, the company which had bid for Ahmedabad, Pune and Nagpur teams for the 4th season of the now beleaguered IPL and finally won the Pune team for a whopping Rs 1,702 crore.

"A simultaneous survey is being carried on by the IT department at the registered office of Sahara Adventure Sports in Mumbai," said a source close to the developments, adding that efforts are on to decipher what are the sources of money that has been pooled in for the franchise and who all are involved in it. The IT-team investigating the matter in Lucknow, is headed by Joint Commissioner (inquiry) Abhay Thakur. The survey, which began around noon, was continuing till the time of going to the press.

It may be mentioned that the survey in Lucknow is part of the nation-wide inspection of all the IPL franchisees. Following the controversy over IPL Kochi franchise, the officials had on Wednesday swooped down on the offices of other IPL franchisees like Kolkata Knight Riders, Chennai Super Kings, Deccan Chargers and Kings XI Punjab.

Source: Web Search