â¹650 crore concealed income found in raids on CCD offices
The Income Tax Department has found â¹650 crore concealed income after conducting raids on 25 places of Cafe Coffee Day (CCD) and its group companies in Karnataka, Mumbai, and Chennai. An I-T department official reportedly said that income undisclosed by the group could be "much higher" in amount. Raids were also conducted on CCD's founder-owner VG Siddhartha's residence.