The raids, on 34 premises in all, covered offices, godowns and residential premises. Sleuths of the Directorate of Investigation, Income Tax, fanned out to Pune, Surat, Ahmedabad, Silvassa and Jamnagar during the three-day-raids in which twenty-four bank lockers were sealed. Department sources revealed that documents recovered from the premises of business groups revealed concealment of income by way of bogus commission payments, suppression of sales, inflated expenses, deductions wrongly claimed and stock reisters not maintained.

While I-T officials refused to name the companies raided, market sources said the publication house was Navneet, one of the biggest names in the business. The Galas, owners ofNavneet, also have a windmill in Jamnagar. Of the 34 premises raided, 22 belong to this group.

The Railways caterer had been showing a profit of only six per cent, while the documents revealed that he had been making much more, the sources told The Indian Express.

I-T sources refused to divulge any information regarding the raids only stating that investigations were in progress.