Chennai, Nov 14: After a five-day long raids conducted by Income Tax officers at several premises linked to jailed AIADMK leader VK Sasikala , her kin and their business associates, Rs 1,430 crore in undisclosed income was recovered.
“We have found tax evasion of Rs 1,430 crore, as of now. This figure is likely to go up as we have also seized incriminating documents. We have seized Rs 7 crore in cash, and gold jewellery worth around Rs 5 crore,” the senior tax official told news agency IANS on the condition of anonymity.
“A lot of diamonds seized have to be evaluated. We have also frozen 15 bank lockers and several bank accounts,” he added.
The raids concluded on Monday with the officials questioned Jaya TV managing director Vivek Jayaraman, former Chief Minister J Jayalalithaa’s personal assistant S Poongundran, her physician Dr KS Shivakumar and AIADMK Karnataka unit secretary Pugalendhi.
In one of the biggest ever raids, Income Tax department launched search operation at 187 premises in Tamil Nadu, Delhi, Bengaluru and Hyderabad related to Sasikala.
The official raided the residence of Sasikala’s husband M. Natarajan in Thanjavur, Kodanad Tea Estate related 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.