I-T raids on Senthil Balaji, associates unearth assets worth Rs 50 crore
(WorldNews India)

CHENNAI : Income tax searches on 9 finance companies linked to former state transport minister V Senthil Balaji and his brother in Karur and nearby areas continued for the third day on Saturday. So far, the I-T sleuths have found documents relating to assets worth Rs 50 crore. They also sealed a finance firm that was functioning out of a house on Saturday. Through the finance companies, the two brothers had lent huge amount of unaccounted money to establishments and businessmen, thereby evading tax payment, I-T investigation has revealed. A chartered accountant is also under the I-T lens in this regard. `So far, we have seized...