The Income Tax department conducted raids on the premises of Jyotsna Suri, MD of Bharat Hotels, in a tax evasion case on Monday. The group owns The LaLit luxury hotel chain.
An I-T official said that eight premises were searched, the premises of Suri’s close associate Jayant Nanda told sources. The raids started on Sunday night.
It was re-branded as ‘The LaLiT’ on November 19, 2008. The chain has 12 luxury hotels and resorts; the company has also launched The LaLit Traveller brand which has two mid-market segment hotels under it.
Suri took over as the MD of Bharat Hotels after the death of her husband, and founder-chariamn of the group LaLit Suri in 2006. She is also the former president of Federation of Indian Chambers of Commerce and Industries (FICCI).
More details are awaited.