Income tax (IT) Department teams carried out simultaneous raids at over 30 places in Jammu and Srinagar on Thursday, based on IT surveys carried out earlier in the state, an official said.
Over 30 establishments including hotels, offices and residential premises of people of some prominent business houses were raided in Jammu while a hotel and offices of a businessman were searched in Srinagar.
The raids started early on Thursday and continued till the afternoon. Sniffer dogs and hi-tech electronic equipment were also used by the IT officials during these raids.
Sources said records, unaccounted cash and other evidence supporting undisclosed wealth had been seized, but there was, however, no official word about the seizures made during these raids.