Bhubaneswar, Nov. 4 -- The Income Tax (IT) Department on Tuesday conducted extensive raids on multiple premises linked to Utkal Builders, one of the most prominent real estate firms in Bhubaneswar, in connection with alleged large-scale tax evasion.

Sources reported that the searches began early this morning and were carried out simultaneously at several locations associated with the group, including its corporate office, residential premises of key directors, and other business sites in and around the state capital.

As per preliminary reports, a total of 18 teams comprising over 120 officials and officers from the Income Tax Department have been deployed for the coordinated operation.

The searches are being carried out under the super...