The five-day-long raids by Income Tax Department against the close aides of jailed AIADMK leader Sasikala and TTV Dinakaran have brought to light the concealment of '1,430 crore worth of unaccounted wealth."This is paltry going by the amount of incriminating documents we have seized during the raids".
It has been found out that Sasikala and family have evaded taxes amounting to Rs 1,000 crore, reported The Asian Age.
A top tax official in Chennai said that more than Rs7 crore in cash and jewellery worth over Rs5 crore were seized during the searches. "This is nothing compared to what we have seized", a senior Income Tax official told Express after Monday raids.
Jaya TV's office in Chennai was among the dozens of locations where the Income Tax department carried out searches on November 9. The operations of the media house have been controlled by the members of the Sasikala family for many years now.
The department had summoned Karnataka's AIADMK leader V. Pugazhendi, whose premises were searched last week. They asked me about the jewels my wife got when she got married.
"No one was questioned today". As many as 15 bank lockers and diamond jewellery had been put under "prohibitory orders" under which access to them is denied, he added.
Jazz cinemas is owned and operated by Vivek and other members of the family.
The official said that tax demand would be raised after analysing the documents and obtaining clarifications. He said whoever earned through illegal means would have to pay the tax.
To a question on the nature of undisclosed income, he said this relates to unexplained cash and unexplained cash introduced for acquiring several businesses. I-T officials identified dozens of shell companies and specific teams were probing the source of funds to those companies in recent years.
The places raided included the residence of Sasikala's husband M. Natarajan in Thanjavur, Kodanad Tea Estate belonging to Jayalalithaa, Jazz Cinemas, Midas Distilleries, Sharada Paper and Boards, Senthil Group of Companies, Nilgiri Furniture in Coimbatore, Jaya TV, Namadhu MGR and several other premises in Tamil Nadu, Puducherry, Hyderabad, and Bengaluru.
Some reports suggest that the I-T officials had received inputs from the Finance Ministry's Financial Intelligence Unit. What did I-T officials seize from his properties?
Valuables have also been reportedly found out from the all-girls Sengamala Thayaar Educational Trust Women's College at Sundarakottai near Mannargudi town that is run by Sasikala's brother, V.K. Dhivakaran.
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