Income Tax dept conducts searches at renowned share broking firm in Surat October 14, 2025
Surat: The Income Tax Department has launched an investigation into Jainam Share Consultants Pvt. Ltd., a firm involved in share trading. Officers from the Surat IT department, along with a special team from Amritsar, conducted searches at five locations in the city linked to the company.
The probe comes after allegations that the company’s employees collected large sums of money from investors under the guise of lucrative share market schemes. Many investors reportedly did not receive the promised returns, causing widespread concern. It is learnt that the individual behind these schemes had previously worked at the company but was later relieved of duties. Despite this, victims claimed they had in