Gupta-owned properties seized by tax officials in India

Tax officials in India have seized properties owned by the Gupta brothers - Atul, Ajay and Rajesh.

At least 31 properties have been attached.

The family is believed to have used codenames to hide the location and exact identity of these and other properties from Indian revenue authorities.

Freelance Journalist based in India, Venkat Narayan has more on the story.

These raids are connected to these people bringing illegal money without paying tax.

Venkat Narayan, Freelance Journalist based in India

They have apparently bought as many as 120 properties across India and they have prevented the authorities from getting hold of these. They have used pseudonyms and false addresses.

Venkat Narayan, Freelance Journalist based in India

The authorities have raided 31 properties belonging to them in the cities of of Delhi, Saharanpur, Dehradun, Haridwar and Noida. All of them are in North India.

Venkat Narayan, Freelance Journalist based in India

They have to appear before the authorities in Dehradun on or before next Monday to give explanation about where they got all this money from and how they managed to not pay taxes.

Venkat Narayan, Freelance Journalist based in India

Click on the link below to listen to the full report...


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