Income Tax officials, who began search operations on properties belonging to Coffee Day Enterprises in Chikkamagaluru on Thursday, completed the raids on Sunday morning.
The officials conducted searches in the office of Coffee Day Enterprises (CDE) in the city and the residence of Halappa Gowda, a close relative of CDE promoter V.G. Siddhartha, at Mudigere town among other places. Mr. Siddhartha is the son-in-law of former Chief Minister S.M. Krishna.
According to sources in the Income Tax Department, the officers completed their search and seizure operations and left the places around 4 a.m. on Sunday. They took away documents related to CDE transactions and properties belonging to the company. The officials are verifying the source of income totalling to around ₹650 crore. “There are a number of other issues, including violation of other statutes, on which there is no disclosure, but relevant evidence has been found,” said an I-T source.
The raids were conducted in the coffee curing unit in Hassan. The officers reportedly completed their operations in Hassan on Saturday.
