Raids on Sasikala, Jaya TV unearth Rs1,430 cr 'black' money
Raids on Sasikala, Jaya TV unearth Rs1,430 cr 'black' money
Massive IT raids conducted on premises of VK Sasikala and her kin concluded on Monday
14 November, 2017, 13:40
Chennai, Nov.13: An unaccounted income of over Rs. 1400 crore has been unearthed during raids on former AIADMK general secretary V.K. Sasikala's family members and premises of Jaya TV in Chennai, Income Tax officials said on Monday.
A major part of property related documents were seized from the properties of Sasikala's nephew and Jaya TV CEO Vivek Jayaraman, his sister Krishna Priya and their auditor.
According to reports, more than Rs 7 crore in cash and jewellery worth over Rs 5 crore was seized during the searches. He said he had answered all queries that the tax officials asked him on Monday after their five-day search ended.
In Delhi, a senior I-T official said undisclosed income of around Rs 1,500 crore was detected during the multi-city searches that were carried out mostly in Tamil Nadu.
The searches were conducted in connection with unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and her nephew T.T.V. Dinakaran, who heads one of the factions of the ruling AIADMK.
The searches at some premises continued for days.
Jazz cinemas is owned and operated by Vivek and other members of the family.
The present I-T raid is the longest in the history of raids in Tamil Nadu - usually, these raids last for about 2-3 days. As many as 15 bank lockers and diamond jewellery were kept under "prohibitory orders" under which access to them is denied, he added. The AIADMK's Karnataka unit leader Pugalendhi sought time to appear before us in response to our summons, " the official told The Hindu. The issue of shell companies was a separate matter, he said, but did not elaborate.
The official said that tax demand would be raised after analysing the documents and obtaining clarifications.
The Income Tax Department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
A report from Udhagamandalam said I-T officials are continuing their searches for the fifth day in the Green Tea Estate in Nilgiri district.
Documents relating to the import of fleet of foreign cars were seized from the Chennai house of Sasikala's niece. The officials also found large-scale immovable assets during the operation. The official added that more people would be summoned as and when required to bring the raids to a logical conclusion.
"In the women's hostel of the college [belonging to Sasikala's brother Dhivaharan], we found six Rolex watches and are now referring to the watch models to get their estimated value".
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