mangalore today
Friday, February 28


Jewellery chain Joyalukkas raided at multiple places

Jewellery chain Joyalukkas raided at multiple places

Mangalore Today News Network

Chennai, Jan 10, 2108 :  Multiple showrooms of jewellery chain Kerala-based Joyalukkas are being raided in Chennai and other places over allegations of tax evasion. Income Tax officials began the searches this morning.


joyallukas 10

"The searches are following allegations of tax evasion. We will be able to share more information later," a senior Income Tax officer told NDTV.

Showrooms of another popular jewellery chain from Kerala, Manjali Jewellers, are also being raided by income tax officials.

Raids are happening at 130 locations across south India, Gujarat and Haryana.

Established in Gulf countries, jewellery major Joyalukkas has a 130-showroom network spread across 11 countries, including Quatar , Oman, Bahrain, India and the UK. Manjali Jewellers also has its stores outside India.

In 2015, John Paul Joy Alukkas, the 29-year-old executive director of Joyalukkas group and son of its chairman Joy Alukkas was ranked 8th wealthiest on the Wealth-X list of millennials -- defined as those born from 1981 to 1997, as per the global wealth intelligence and prospecting company.


Write Comment | E-Mail | Facebook | Twitter | Print
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
You have characters left.
Security Validation
Enter the characters in the image above