I-T raid on firm

The I-T Department raided 35 premises of the Surendranagar-based Makson Pharmaceutical India Pvt Ltd.

Officials said the group has admitted to have undisclosed income of Rs 74 crore. Unaccounted cash of Rs 1.50 crore and jewellery worth Rs 25 lakh was seized. Ten lockers were also sealed. Raids were also conducted at the premises of the group associates in Aurangabad,Bhopal,Hyderabad,Mumbai and Shimla.