BHOPAL : Income Tax (I-T) department, in its country-wide searches on Bhilwara Group, raided its state-based ventures namely HEG and Maral Overseas.
A team of I-T sleuths reached HEG, Mandideep on Thursday morning and raided the establishment. Graphite rods are manufactured at HEG, Mandideep. The team scrutinised the inflow and outflow of funds of the firm along with verification of stocks. Maral Overseas buys in cotton for spinning and weaving. Most of the cotton from Nimar region is purchased by the company. The I-T sleuths did investigations here too.