I-T raids Lalit group, finds Rs 1k cr 'illegal assets'

The Income Tax (I-T) department's searches on the Bharat Hotels Group that run a chain of luxury units under the Lalit Hotels brand has led to the detection of "undisclosed" foreign assets of over Rs 1,000 crore and huge black money that the business house has "stashed" abroad, the Central Board of Direct Taxes (CBDT) said on Friday.