Bengaluru, (Aryavarth): A team of more than 20 officers attached to the I-T department conducted the raids on the office of the Bengaluru-based pharmaceutical company located on Race Course Road.
Sources in the I-T department said the simultaneous raids were conducted in 40 locations by 200 officers across the country, including New Delhi, Sikkim, Punjab, Tamil Nadu and Goa. Sources said that the residences of Micro Labs CMD Dileep Surana and Director Anand Surana were also being raided.
The officers have collected vital documents from the Micro Labs Limited office on Race Course Road in Madhavanagar.
Sources said that the raids were being conducted in connection with tax evasion.
Sources also said the company had struck gold in successive waves of the Covid-19 pandemic. The company has sold 350 crore tablets since the Covid-19 outbreak in 2020 and earned revenues of Rs 400 crore in a year crushing all rivals, sources said. The sales of the Dolo pill broke all records.
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