Income tax raids on Manipal group of hospitals over suspected tax evasion

As per the information received, the IT officials reached the Edu Building of MAHE around 6 am and began searching the fourth floor of the Edu building for documents where the finance department is located. Udupi district Superintendent of Police Akshay M Hakay said they provided a police escort to the IT officials. However, according to the MAHE spokesperson, this search was part of a routine task and added that he could not reveal anything and would come out with details later, as per The New Indian Express report. 

Further, it was reported that the IT officials had not left the campus till late in the night, with the searches expected to continue the next day since there were reportedly a lot of documents to analyse. Meanwhile, the hospital doctors stated that the IT searches did not affect the patients. 

The Manipal Hospitals group, which had acquired Bengaluru-based Columbia Asia Hospitals and Vikram Hospital, is a part of Manipal Education and Medical Group (MEMG) and is owned by Ranjan Pai. Pai is the chairman of the Group, which has six colleges and 27 hospitals in the country. Further, Manipal University has overseas campuses in Malaysia, Antigua, Dubai, and Nepal as well, with a net worth of $1.4 billion.

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