Taxmen detect Rs 1,430 crore undisclosed income linked to Sasikala, aides

Nov 14, 2017, 12:12 AM

After days of multi-city searches, Income Tax sleuths have detected undisclosed income of Rs 1,430 crore in respect of ten assessee groups which included those linked to jailed AIADMK leader V K Sasikala, her kin and their associates, a top official said on Monday. Income Tax(I-T) department sleuths last Thursday carried out simultaneous multi-city raids on 187 premises including those linked to Sasikala and her nephew and deposed AIADMK general secretary T T V Dinakaran and Tamil television channel Jaya TV over suspected tax evasion. The searches at some premises continued for days. A top tax investigation official in Chennai said that more than Rs 7 crore in cash and jewellery worth over Rs 5 crore were seized during the searches. As many as 15 bank lockers and diamond jewellery were kept under “prohibitory orders” under which access to them is denied, he added. The official said the undisclosed income was in respect of the ten assessee groups, which includes Jaya TV and Midas Distilleries that are reportedly linked to Sasikala.