The Income Tax department on Monday launched searches at the premises of a well-known Tamil Nadu-based real estate firm, official sources said.

Searches were being held in different locations in Tamil Nadu, including Chennai, sources said.G Square Realtors Private Limited, a private company, was incorporated on October 12, 2012. The company came under the scanner in 2019 when the I-T department carried out a similar search.

Amid reports that a DMK MLA from the city was also being raided by the tax officials, his supporters staged a protest against the agency’s action.

On the allegations of BJP’s Tamil Nadu chief K Annamalai , G Square Company, a Tamil Nadu-based real estate firm, gave an explanation.

In a statement issued, the company said: “G Square Company is not owned or controlled by DMK family members. The company has been doing business since many years even before the formation of DMK government. The construction projects of G Square and its partners have been portrayed with false values. Annamalai’s allegation about the property value of their company is completely false.”

Annamalai on April 14 released the corruption list of DMK leaders which also displayed the several properties in South India owned by the DMK-linked G Square real estate company.

DMK through Party functionary R.S Bharathi and Sports Minister Udhainidhi Stalin has send legal notice to Annamalai 

The DMK accused Annamalai of making “constant attempts to defame, scandalise and tarnish the reputation” of Chief Minister M K Stalin and other party leaders with “vile, defamatory, scandalous and motivated statements”.