After raids, IT department questions Sasikala's nephew Vivek Jayaraman

Lloyd Doyle
November 14, 2017

Income Tax officials have found over Rs 1400 crore in undeclared income during its raids spread over five days at the premises Jaya TV and family members of jailed AIADMK leader VK Sasikala kin and their business associates in Chennai.

Chennai: Vivek Jayaraman, the cynosure of all eyes after he was taken to the Income Tax office here following conclusion of five-day long raids at his offices and residence, is the son of V.K. Sasikala's brother Jayaraman who died while working at a farm owned by late chief minister J. Jayalalithaa. "We also seized Rs 7 crore cash, Rs 5 crore worth gold and valuation of diamonds yet to be done", the officials said, adding that they also froze over 50 bank accounts and 15 bank lockers.

"We have information about shell companies and the searches were in connection with their operations", an official said earlier. However, the channel is now controlled by the family members of Sasikala.

The searches at some premises continued for days. "The cash has been seized and we have issued prohibitory orders on the diamond and jewels, as their accurate valuation can not be done immediately".

Pugazhendi told reporters that he had been asked to come again a couple of days later, adding that he was extending cooperation to the tax officials.

To a question on the nature of undisclosed income, he said this relates to unexplained cash and unexplained cash introduced for acquiring several businesses. "Whoever commits, you or ministers or I, we are liable", he said, pleading not to make the searches a big issue. "We are questioning him over certain transactions and investments made by him and the companies", said a senior IT official.

The places raided included the residence of Sasikala's husband M. Natarajan in Thanjavur, Kodanad Tea Estate belonging 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. The officials also found large-scale immovable assets during the operation.

The exercise involves analysing the documents, valuing the properties, recording the statements of persons concerned and initiating action will take more time, officials said.

According to an officer with knowledge of the raids that began on Thursday, Rs 67 lakh cash and a collection of diamond and jewels were found from a college owned by a close relative of Sasikala.

Other reports by Iphone Fresh

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