Income-tax raids on Apollo hospitals
The Income-Tax (I-T) department on Tuesday searched and raided the properties of the Apollo Hospitals, the country's largest healthcare chain.
Raids had started this morning in the corporate offices and some properties of the hospital chain. It is learnt that the department had concrete information to carry on the raids. IT sleuths raided Hyderabad, Chennai, Delhi and Mumbai branches of the Hospitals. Apollo's PR agency confirmed the raids were happening and said they would issue a statement later.
More than 250 I-T sleuths were involved in searches at about 20 hospitals in Chennai alone.Apollo officials could not be reached for comment. They have seized some crucial records and documents too.
As of September last year, Apollo ran 64 hospitals in the country with a bed count of over 8,900 beds. Apollo Chief Prathap Reddy is famous not alone in the country but across the world and the suddne raids shocked many.
News Posted: 5 January, 2016
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