Chennai: Income-Tax department officials have unearthed Rs 14. 5 crore in hard cash after three days of raids at the PSK Engineering Construction Company in Namakkal. The raids concluded today at 2 am.
The searches began Friday against the major infrastructure company that has executed several projects for the Tamilnadu government.
The raids included company owner P S K Periyasamy’s residence and offices and those of his relatives Selvakumar and Shanmugam.
According to reports, apart from the cash, the I-T officials also seized incriminating documents. More than 20 officials of the department from Salem, Namakkal and Coimbatore were involved in the raids that continued for close to 65 hours.