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Biryani Giants Raided: Rs 6 Cr Cash Seized

Summary

  • Major biryani outlets in Hyderabad face tax evasion investigation.
  • Authorities seized Rs 6 crore in cash during extensive searches.
  • Irregularities in digital payments and UPI usage were noted.
Biryani Giants Raided: Rs 6 Cr Cash Seized

Tax officials in Hyderabad conducted widespread searches on prominent biryani establishments, including Pista House, Shah Ghouse, and Mehfil, based on intelligence indicating substantial tax evasion. The operation resulted in the seizure of Rs 6 crore in cash, with a significant portion attributed to Shah Ghouse.

Investigators identified potential irregularities concerning digital payment methods, noting the use of multiple UPI IDs registered under employee and unrelated individuals' names. Authorities are scrutinizing how these funds were channeled back into the companies' accounts, with raids encompassing around 30 diverse locations.

The investigation is actively analyzing financial ledgers, digital payment patterns, and other seized data. Pista House, founded in 1997, and Shah Ghouse, with multiple branches, alongside Mehfil, established in 2006 and with international presence, are central to this ongoing inquiry.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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Property Code: 5571