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Tax officials search Chettinad group for third day

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Chennai: The search by Income Tax (IT) officials at various offices of Chettinad group suspecting tax evasion entered third day on Friday, a senior official said.

“The search operations are still on. It is not yet over. A senior official is expected to brief the media later on the issue,” the official told preferring anonymity.

The official said the search is for suspected evasion of income tax and the quantum of evasion cannot be estimated now.

A 450-member team of IT officials launched their multi-city search at various offices of city based Chettinad group of companies on Wednesday. The search raids were carried out in the group’s offices in Tamil Nadu, Andhra Pradesh and Maharashtra.

The group has interests in cement, logistics, education, health care, coal terminal and others.

Officials declined that the raids were linked with the ongoing family feud between M.A.M. Ramaswamy, the former chairman of the Chettinad group, and his adopted son M.A.M.R. Muthiah.

Muthiah now heads the Chettinad group of companies.

Last year, Ramaswamy was ousted as the director of Chettinad Cement and consequently lost his position as chairman.

Interestingly, the IT raids began a day after Ramaswamy, the former chairman and director of Chettinad Cement, alleged that the company owed the government huge amount in sales tax.

“The government has told the company to pay up a minimum of around Rs.252 crore before negotiations can take place,” Ramaswamy said at a press conference on Thursday while disowning his adopted son M.A.M.R. Muthiah, the managing director of the group.

Asked for clarifications on the sales tax issue, Muthiah had told IANS: “The company does not owe any sales tax dues to the government. The company pays its dues every month.”

“Ramaswamy is an outsider to the company. He is not associated with the company in any capacity now. One should not take an outsider’s charges seriously and ask for clarifications,” he said.

On Thursday, Ramaswamy while disowning his adopted son declared that Muthiah should not perform any ceremonies or obsequies on his demise.

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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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