Kozhikode: Income Tax Department officials on Thursday raided firms and residences of builders and architects in Kozhikode and Malappuram districts and claim to have found financial irregularities to the tune of Rs 200 crore.
As per reports, IT officials seized Rs 18 crore from the residence of the owner of Nirman Group at Manjeri in Malappuram.
Documents of illegal investments were also seized from the residence of Ganeshan, a builder from Kozhikode. The documents contained details of investments up to Rs 5 crore were seized from Ganeshan's house.
Besides, around Rs 27 lakh was seized from architect Shabeer Saleel's office, IT sources said.