- MD issues clarification following IT raids
G Square Realtors Private Limited Managing Director Bala alias Ramajeyam, in a release, condemned the company having any ties with any political party or members of the political leaders. The MD issued the clarification following IT raids on various real estate firms in the country, including the G Square. He described the IT raids as a constructive process to obtain information about the company, which always follows the rule of law and guidelines. The raids were conducted on the group as part of a nation-wide exercise. The raids established that the company has had no relationship whatsoever with either a political party or the family member of a political leader. The raids helped remove apprehensions about the company from the people’s mind.
“We regard the IT raid as a good opportunity to clarify the company position to the people. We received a lot of relief following the IT raids,” he remarked. He claims that he always adheres to the best ever standards. However, some TV channels and some individuals spread bad news about the company out of vested interest. He attributed motives to them in spreading bad news about the company.
