The Income Tax department on Wednesday searched the premises of MGM Group of companies, a business house that focuses on sectors such as logistics, hospitality and theme parks among others. Over 40 places belonging to the directors and family members were being searched in Chennai, Tirunelveli and in Karnataka by the taxmen.
A senior investigating officer said offices and properties belonging to both the brothers— MGM Anand and MGM Maran— were being searched. When asked for the reason behind the raid on the group, the officer said there was a certain input that they had received. “The group has been under scanner by various agencies for the last few months,” he said, refusing to divulge further details.
