Income Tax Raids Against Sasikala Clan Almost Over, Say Officials

13 November, 2017, 03:20 | Author: Brenda Erickson
  • Media personnel stand guard in front of the

"For everything else that needs to be examined still, we have issued prohibitory orders and it (probe) will be resumed in due time", said an I-T official on conditions of anonymity.

After analysing the documents and obtaining clarifications, tax demand would be raised, the official told IANS. The pan-state operation in which an 1,800 strong contingent carried out "Operation Clean Money" has seized several incriminating documents over the past four days and a detailed report of the same is to be sent to the Central Board of Direct Taxes. Apart from tax evasion, the group had also indulged in land grabbing, which is being probed. The news channel further stated that the shell companies were reportedly used to purchase properties by Sasikala. However, it has been concluded in other locations, the official said.

According to him, the nature of this search operation "is different" and it is not just searching the premises and seizing unaccounted cash. "We will have total value of investments only after the completion of the search operation in all the premises", the official said. As the vehicle was carrying question papers for the ensuing semester examinations, it was allowed to offload the question papers.As reported, the authorities from the Income-tax department have been carrying out the searches based on information of concealment of income and evasion of tax by Sasikala, her family members, relatives and their supporters across the state, which commenced on Thursday.

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Meanwhile at Mannargudi, reports say the I-T officials ended their search at 3.30 am today and reportedly left with a lot of documents seized from a college owned by Dhivakaran.

On Friday, the raids continued in several places including Jaya TV, Namadhu MGR, Jazz Cinemas, Midas Distilleries, Kodanad Tea Estate belonging to late Chief Minister J Jayalalithaa and residences of Vivek Jayaraman and her sister Krishna Priya in Chennai.

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