The Income Tax Department on Tuesday conducted searches at properties belonging to Velammal Educational Trust in Tamil Nadu’s Madurai city. The raid was conducted at over 20 places. The IT department officials have ceased various documents and conducted raids after the trust failed to pay tax.
Founded in 1986 by MV Muthuramalingam with one school in Chennai, Velammal Educational Trust owns various schools, medical and engineering institutions across Tamil Nadu.
Source: ANI