Around 200 I-T officials searched through 40 premises of the GMR group and its associates in 4 cities of India, on Thursday. Officials say that the searches were conducted on suspicion of tax evasion.
Sources say the searches begun after Arvind Kejriwal, an anti-corruption activist, made statements on problems of corporate governance in GMR and two other companies.
Payment details related to TDS (tax dedcution at source) and a few other documents of the company were scanned by the I-T officials at the Hyderabad, Bangalore, Mumbai and Delhi offices of thr GMR group and its associates.
Some of the documents were seized by the I-T offcials. Commenting on this, officials at the GMR group said that they were confident of coming clean of the allegations, and that their corporate practices would prove to be satisfactory to the I-T department.
The GMR group works on airports, highways and urban infrastructure, and also has a global presence, in countries that include Singapore, Maldives, Turkey, Indonesia, Nepal and South Africa.