The income tax department on Monday conducted search on eight office premises of Rungta Mines Ltd across the country in connection with illegal mining and tax evasion by the iron ore mining giant.
Rungta Mines is the flagship company of Chaibasa-based RS Rungta Group. The company is one of the biggest mining groups in the country, operating for over six decades mainly in Jharkhand and Odisha . The raids started inChaibasa, Barbil, Bhubaneshwar and Dhenkenal in Orissa and Kolkata and Delhi.
“We had information that the company is involved in largescale illegal mining of iron ore and evades tax. After preliminary investigations, the raids were conducted on Monday at eight locations in the country,” said an officer.
Leave a Reply