According to the sources, the searches began around 7 a.m. on Monday at various Omaxe offices across the country.
“We searched 45 different locations across the country for charges of tax evasion. We managed to seize unaccounted cash worth Rs 20 crore out of which Rs 12 crore was recovered from the builder’s main office at Kalkaji in Delhi,” the source said. Searches were reportedly carried out at the company’s offices in Noida, Gurugram, Indore, Chandigarh and other locations. Sources said another 38 offices were still being raided on Tuesday evening.
“A total of 250 officials are involved in the search operation. They are reviewing company documents and financial transactions primarily related to their real estate business,” an official said.
According to him, unaccounted revenue of Rs 200 crore had been discovered while scanning the phones and laptops of senior company officials. The IT department, the source said, had seized the devices. A public relations agency speaking on behalf of Omaxe declined to make an official statement about the raids. “No official comment can be made from our end as we have not been able to get in touch with company officials. They are mostly on the office premises and their phones have been seized by the IT department said public relations manager Amit Sharma.