The Income Tax Department on Tuesday conducted raids at the two biggest business houses of Punjab- Trident and Cremica. While IT raided Trident Group premises in Ludhiana, the authorities also searched the premises of the age-old company Cremica. The reason why IT raided Trident Group and Cremica is yet to be known as searches are still underway (while writing).
It is pertinent to mention that Rajinder Gupta is the founder and Chairman of Trident Limited, the flagship company of the USD 1 Billion enterprise Trident Group. In 2022, he was named Vice-Chairperson of the Punjab Economic Policy And Planning Board.
Rajinder Gupta had also served as the vice-chairperson of the Planning Board previously. After the AAP government came into power, the Planning Board was dissolved and replaced with the State Economic Policy and Planning Board. Gupta was awarded the Padma Shri in 2007 for his exemplary work in the field of trade and industry.
(Note- This is a developing story)