Hyderabad: Income-tax raids on firm continue

Hyderabad: Income-tax officers continuing their searches at the offices and houses of the directors of GVPR Engineers Limited have identified that Rs 6 crore of black money was utilised to buy a plot in Jubilee Hills. Sleuths recovered about Rs 2.75 crore. An official said the raids would continue for two days. He said the I-T teams had collected evidence regarding inflation of expenditure in the guise of sub-contracts.