Income tax department raids at Trident Group across country
New Delhi, 17 October: The Income Tax Department is carrying out raids on the Trident Group, a diversified conglomerate with interests in yarn, home textiles, paper and stationery, chemicals, and adaptive power.
These ongoing raids across the country are part of an investigation into potential financial irregularities, officials said.
Trident Group, founded by Padma Shri Rajinder Gupta, is a prominent player in multiple industries and operates manufacturing facilities in key locations, including Budhni in Madhya Pradesh and Barnala and Dhaula in Punjab.
The raids are not limited to a single location, as authorities are simultaneously carrying out probes in multiple cities.
More than 40 officials are currently involved in the raid at the Budhni plant located in Madhya Pradesh, o...