Income Tax dept raids Edelweiss group's premises in Mumbai over suspected tax evasion
The Income Tax Department is conducting raids on Edelweiss Group, an investment and financial services company co-founded by Rashesh Shah and Venkat Ramaswamy, ANI reported on Thursday. Searches are underway at premises linked to the group in Mumbai, it added.
Earlier, Edelweiss was in the news after the Enforcement Directorate had asked it’s top board members to join a probe and questioning for alleged violations of foreign exchange rules amounting to more than ₹2,000 crore, media reports suggested.
