TN: Income Tax raid on trust owning Velammal Medical College
Madurai : The Income Tax Department on Tuesday conducted searches at properties belonging to Velammal Educational Trust in Tamil Nadu's Madurai city.
The raid was conducted at over 20 places. The IT department officials have ceased various documents.
Founded in 1986 by MV Muthuramalingam, the trust owns various medical and engineering institutions as well as schools across Tamil Nadu. Its institutions in the medical field include Velammal Medical College Hospital and Research Institute (VMCHRI ) Madurai; Velammal College of Nursing, Velammal School of Nursing, and Velammal College of Allied Health Sciences (VCAHS) all affiliated to The Tamil Nadu Dr. M.G.R. Medical University.
The medical college currently has an annual intake of 150 MBBS students.
The raid was conducted after the trust failed to pay tax. The searches began on Tuesday morning and are still in progress.
(more details awaited)