Indian Officials Raid Mumbai Diamond Bourse Offices

(Global Diamond Portal News) - Officers from India's Income Tax Department have raided the offices of diamond companies at the Bharat Diamond Bourse (BDB) at Mumbai's Bandra Kurla Complex (BKC) in a major operation, according to a report.

The officers entered the offices of around 20 diamond companies located at BDB, according to The Times of India.

The operation was extended to Mahidharpura diamond market in Surat as some of the Mumbai diamond firms have their offices and units there, the report said.

More than 60 Income Tax Department officials launched the raids at the BDB in Mumbai along with a team of 100 police officers.

The officials seized documents, cash and jewelry from the offices and homes of diamantaires.