Income Tax Department Raids Mumbai Offices of Edelweiss Group

The Income Tax Department team has raided the offices of Investment and Financial Services Company Edelweiss Group in Mumbai.

According to sources, a Mumbai Income Tax Department team is currently present at the offices of Edelweiss Group. As per the information, the action of the team is going on since morning today.

So far the entire information has not been revealed about the documents which have been recovered in the raid by the Income Tax Department team and for how long this raid will continue.

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Sources Say:-
Income Tax Raids offices of Edelweiss Group In Mumbai today

Income tax raid started this morning and still underway

IT Dept Mumbai team is leading this search & investigation pic.twitter.com/XBU7OlpSdu

— Hemant Ghai (@hemant_ghai) March 2, 2023

The IT Department Mumbai team is leading the search and investigation. So far, complete information has not come into light as to what documents were seized by the Income Tax Department team in the raid and how long this raid is going to last. At the same time, no official statement has been issued so far by the firm as well.

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The Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.