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19 Dec 2018, 09:06 HRS IST
  • PTI
  • I-T raids finance firm, gold dealer in Coimbatore

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23:12 HRS IST

Coimbatore, Mar 14 (PTI) Income Tax department officials today carried out raids in four branches of a Kerala-based finance company involved in gold loan business and a gold dealer here.

The raids were conducted based on information that the dealer had transacted huge money reportedly through the Kottayam-headquartered finance firm having branches across the city during the demonetisation period, police said.

A seven-member team of I-T officials raided the office and house of the owner of the gold dealing company.

They reportedly found a large number of transactions had taken place through his account during the period when the high value currency notes were scrapped in 2016 November, they said.

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