IT raid continues at Shashikala & her associates premise

DAINIK NATION BUREAU

For the second consecutive day Income Tax (I-T) officials searching the premises of jailed AIADMK leader VK Sasikala and her business associates, organizations. It is believed that sizeable volume of cash and documents have unearthed during the raids.

Sources said “The volume and value of cash and documents seized would be known only after completion of the entire operation. In some places the raids have ended but in many other places searches are still in progress. The searches were conducted in connection with unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and Dinakaran. The I-T department would look at the routing of funds within India whereas other agencies would look into the routing of money outside India, the official said.

As per the source, the nature of this raid is different and because we have been searching for the shell companies and their modus operandi. Replying to a question that whether the bank accounts of the searched persons, companies would be “frozen to detect suspect transactions and other actions”, would be taken only after collating the data from the seized papers.

On Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises-residences, offices and farm houses– to carry out one of their biggest searches on the members, business establishments and business associates of one single family, that is, Sasikala’s.

Where IT raids happened

The places raided included the residence of M Natarajan, Sasikala’s husband, in Thanjavur, Kodanad Tea Estate belonging to late Tamil Nadu Chief Minister J 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.

x

Check Also

lok-sabha

CAA comes into effect from Jan 10

The Centre on Friday announced that the Citizenship (Amendment) Act will come into force from ...

error: