Massive Income Tax raids at premises of Sasikala kin enters third day

The massive search and survey operation unleashed by the income tax department in the state entered second day on Friday

Jaya TV Tax Evasion Matter: Income Tax Department carries out raids at 40 locations in Chennai

Chennai: The Income Tax officials conducted raids on offices of Jaya TV, controlled by the family members of jailed AIADMK leader V.K. Sasikala in Chennai and nine more firms at various places in Tamil Nadu and across the country.

"Sizeable volume of cash and documents have been seized at the searched premises".

Mr. Nagarajan also alleged that the raids were conducted to retrieve the documents including video clippings and pictures relating to the treatments given to former Chief Minister Jayalalithaa.

Confirming the seizure of documents and gold, a senior income tax official refused to reveal the value of seizures, saying that the raid was not over.

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Termed as "Operation Clean Money Drive", the raids, which initially covered 187 places, were narrowed down to 40 places on the third day as officials claimed to have found incriminating documents. Based on the filing and the data with the IT department, the searches was carried out to detect tax evasion. The two residences of Sasikala's astrologer and a jewellery shop in Cuddalore are also under the scanner.

The official said the department waited for the individuals and companies associated with Sasikala to file their tax returns for the year.

"We have information about shell companies and the search is in connection with their operations", said an IT official.

The IT department has taken this stringent action against the Sasikala kin as they were indulged in tax evasion. These include the residences of Sasikala family members, Kodanad tea estate, Jazz Cinemas, Midas Distilleries, Jaya TV, Namadhu MGR newspaper and several other premises in Tamil Nadu, Puducherry, Hyderabad and Bengaluru.

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