Income Tax Department carries out searches at SRM group

Searches began early morning, say sources

Income Tax sleuths today searched more than 25 premises in the city belonging to the SRM group, sources said.

The searches began early this morning, they said.

However, they did not divulge the reason behind the raids.

The SRM Group of Companies is into diverse fields like medicine, electronics, hospitality, media and entertainment, transport, engineering construction, power and energy, publications and runs a university, besides having other institutions.