Saturday, Nov 18, 2017 | Last Update : 08:18 AM IST

Income-Tax raids against VK Sasikala, kin continue

THE ASIAN AGE.
Published : Nov 12, 2017, 2:43 am IST
Updated : Nov 12, 2017, 2:45 am IST

According to sources, officials have found so far that VK Sasikala and her family have evaded tax to the tune of over Rs 1,000 crore.

V.K. Sasikala (Photo: PTI)
 V.K. Sasikala (Photo: PTI)

Chennai: For the third consecutive day, Income-Tax sleuths continued their raids at the properties of the Mannargudi clan across the state.

The 1,800 strong contingent, which has been carrying out ‘Operation Clean Money’, seized several incriminating documents over the past three days and a detailed report of the same is being sent to the Central Board of Direct Taxes.

According to sources, officials have found so far that VK Sasikala and her family have evaded tax to the tune of over Rs 1,000 crore. Saturday’s raids were focused on the assets of Vivek Jayaraman, Sasikala’s nephew, who heads Jaya TV and also owns Jazz Cinemas, which the group bought from Sathyam Cinemas three years ago, reportedly using coercive methods to take over the gleaming new theatres.

Sources said that the much talked about ‘business deal’ between the Satyam Cinemas group and Sasikala’s family is also under Income-Tax scanner. Items like precious stones and cash were also recovered from Sengamala Thayaar Educational  Trust Women's College, sources said.

Tags: income-tax sleuths, operation clean money, vk sasikala
Location: India, Tamil Nadu, Chennai (Madras)