A large number of shopkeepers in Noida and Greater Noida downed their shutters following rumours of raids by the I-T department in the wake of reports of alleged profiteering and tax evasion by traders while converting demonetised currency notes in an illegal manner.
In Noida, a few shopkeepers said the IT department raided shops in Sector 9. As the rumour spread, several traders in Sector 16 market closed down their shops.
Traders in Jagat Farms, Rampur, Tugalpur, Kasna, Surajpur and other areas in Greater Noida remained tensed due to rumours of raids.
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