New Delhi:
In an embarrassment for top Malayalam film stars Mammootty and Mohanlal the Income Tax department today revealed that both actors have undisclosed assets worth about Rs 30 crore.
Income Tax officials had conducted extensive raids on residences and business establishments of the two superstars spread across three southern states on July 23.
In a statement, the investigation wing of the Income Tax Department said, cash and jewellery amounting to nearly Rs 3 crore were also seized during the raids.
Officials said the undisclosed income was found to have been invested in real estate and assets abroad. The Income Tax officials said further investigations are being conducted and a final report will be prepared within two months.
Income Tax officials had conducted extensive raids on residences and business establishments of the two superstars spread across three southern states on July 23.
In a statement, the investigation wing of the Income Tax Department said, cash and jewellery amounting to nearly Rs 3 crore were also seized during the raids.
Officials said the undisclosed income was found to have been invested in real estate and assets abroad. The Income Tax officials said further investigations are being conducted and a final report will be prepared within two months.
