Income tax officials resume searches on premises of Sasikala, relatives | Chennai News
CHENNAI: Officers of the earnings tax division on Wednesday resumed searches on six premises belonging to jailed AIDAMK chief V Okay Sasikala and her relations in Chennai and different locations.
The event comes three days after the outcomes of the RK Nagar byelection had been declared. Sasikala’s nephew TTV Dhinakaran gained the election as an impartial candidate.
The locations being searched embody Midas Distilleries at Padappai close to Chennai, Sai Group of Firms in Padappai, the Adyar residence of Karthikeyan (the son-in-law of Sasikala’s relative Illavarasi), a university in Coimbatore and its treasurer’s home.
Most of those locations had been a part of the sooner searches by the division. From November 9 to 13, the division carried out searches in 187 locations belonging to Sasikala, her family members and supporters.
“We’ve got obtained recent leads about unaccounted investments by the relations in among the group firms. Karthikeyan is director for a number of firms owned by the household. That is a part of the sooner searches carried out in all these locations,” a senior I-T official advised TOI.
In the course of the searches in November, the division collected paperwork from varied locations and summoned the relations and others for questioning.
The I-T division then mentioned it had unearthed Rs 1,430crore unaccounted investments by the relations.
The primary cost in opposition to Midas Distilleries is that the corporate transformed unaccounted cash in demonetised Rs 500 and Rs 1,000 currencies into gold and different property final yr. The division seized Rs 19 lakh in money in the course of the searches on the premises final month. It had additionally seized a number of paperwork pertaining to conversion of demonetised currencies into property, gold and different property.