Bhubaneswar/Kolkata, Nov 4: The Income Tax Department on Tuesday morning launched extensive raids on the offices and premises of Utkal Builders in connection with alleged tax evasion.

According to official sources, simultaneous searches are being conducted at 14 locations — including 11 in Odisha and 3 in Kolkata. The operation involves 18 teams of the Income Tax Department, comprising more than 120 officers and staff members.

Preliminary reports suggest that officials have seized several important documents and financial records during the ongoing searches.

The raids began early in the morning and are expected to continue throughout the day as investigators scrutinize records related to suspected tax irregularities.