As part of pan India action, all 3 showrooms of Joyalukkas in Gujarat raided by IT

Ahmedabad:

As part of pan India IT raids/survey on South India based multinational jewellery major Joyalukkas, all its 3 showrooms in Gujarat including that in Ahmedabad were searched by various teams of the department today.

The raid/surveys were reportedly over allegations of tax evasion. Raids started almost simultaneously this morning at various locations across South India, Haryana and Gujarat.

In Ahmedabad a team of over half a dozen IT sleuths raided the showroom in CG Road and it continued till late in the afternoon. Another IT team raided the showroom near Trikonbag in Yagnik road in Rajkot and yet another one in Alkapuri of Vadodara.

Unconfirmed reports said that some of the computers, hard discs and ledgers were checked and seized during the raids. An IT official in Ahmedabad said that official statement about the raids would be issued by the central office of the department in Delhi later.

Joyalukkas has over 100 showrooms across 11 countries, including Quatar , Oman, Bahrain, India and the UK. John Paul Joy Alukkas, executive director of the group which started its business from middle east and son of its chairman Joy Alukkas was ranked 8th wealthiest born from 1981 to 1997 on the Wealth-X list of millennials in 2015.

DeshGujarat