Raids on Bharat Hotels

Raids on Bharat Hotels

The Telegraph

The income tax department's searches on Bharat Hotels Group, which runs a chain of luxury units under the Lalit Hotels brand, have led to the detection of "undisclosed" foreign assets of over Rs 1,000 crore and huge black money that the business house has "stashed" abroad, the CBDT said on Friday.

While the policy-making body of the department did not take any names, official sources confirmed it to be Bharat Hotels Group, which is run by chief managing director Jyotsna Suri. The department had launched raids at 13 premises owned by the group, Suri and others on January 19 in and around Delhi.

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