Hyderabad’s Income Tax Department examines prominent builders’ houses in the Old City.

HYDERABAD: On Wednesday, income tax (I-T) inspectors searched the residences of prominent realtors in the Old City on suspicion of widespread tax cheating.

Nearly 40 locations connected to the Kohinoor Group and Red Rose Group in Hyderabad, Gurugram, Noida, and Karnataka were searched.

Mohammed Quadri Ahmed and Mohammed Amjad of KM Kohinoor Realtors Private Limited had searches done at their homes in Gudimalkapur and Rein Bazar, respectively.

Syed Hameedudin, Mohammed Sami Ur Rehman, and other Red Rose Group promoters’ homes in Edi Bazar were also searched.

The WIIZ Realtors and WIIZ Properties real estate firms, the RR Pan Masala manufacturing company, the spice industry, and hospitality are all part of the Red Rose Group. In Gurugram, Noida, and Karnataka, RR Pan Masala factories were searched.

Additionally, I-T detectives searched Crystal Mansion and the Kings Colony home of one Majid Khan, a director of the company. The groups’ function palaces were also searched.

According to reports, investigators were investigating the real estate corporations’ dealings with politicians. I-T officials searched the Red Rose Group’s properties in July 2018 and found 2 crores in cash there.

According to reports, I-T investigators were investigating into questionable cash transactions in the Red Rose Group’s real estate and pan masala businesses.