Income Tax sleuths on Wednesday raided the office of IPL team Chennai Super Kings, owned by India Cements, in the wake of the controversy surrounding the source of IPL funds and bidding. I-T officials were tight-lipped but police sources said the raids were on and expected to continue till late night.
BCCI secretary N Srinivasan is the vice-chairman and managing director of India Cements.
The I-T raids in Chennai were part of the nation-wide searches on the offices of IPL franchisees and companies associated with them as part of the I-T department’s efforts to unearth the financial details of the franchisees.
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