Post No: 113082 March 12, 2008, 07:08AM
Guest wrote:

Press Release Breaking News
Re: Helios & Matheson Information Technology Ltd - Chennai Listed on BSE / NSE/MSE 'HELMAT'532347

The ENFORCEMENT DIRECTORATE Chennai office have just conducted raids with a large team of officials at the Registered office and Corporate Headquarters of Helios & Matheson Information Technology Ltd â“ Chennai at the following location:
Corporate & group headquarters

Helios & Matheson Information Technology Ltd
Ganga griha, No 9, (old #6-d),
Nungambakkam High Road
Chennai 600 034
Registered office
Helios & Matheson Information Technology Ltd
Adwave towers
No 9 South Boag road ,T.Nagar,
Chennai 600017

The raid's started at around 10:30 A.M this morning March 12, 2008 on instructions / report received from The Reserve Bank of India â“ Mumbai that the company Helios & Matheson informationTechnology Ltd â“ Chennai were involved in Money Laundering, forgery, fabrication of document for availing loan in Foreign Currency and providing personal guarantees in view of which committing 'FEMA' Violation.

The Registered office was so small that there was hardly any space for the officials to even enter. The Corporate Head quarters at Gangagriha building have hardly 1000 â“ 1500 sq feet of space.

As a shareholder on having gone to the company's corporate office this morning I was refused entry as the raids by the ENFORCEMENT DIRECTORATE were in progress and was asked to return only after 3-4 days.

One of the officials informed me that the raid's will continue all day as they will be sealing the entire documents, Data etc from the office premises of Helios & Matheson Information Technology Ltd â“ Chennai and a thorough interrogation is in progress of Chairman V.Ramachandrian as well as G.K Muralikrishna the Managing Director on whom the ENFORCEMENT DIRECTORATE had warrants against.

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