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

Income Tax Department has carried out more raids at 40 locations in Chennai for the third day at Dr Namadhu MGR (Tamil newspaper) and Jaya TV offices and at the residence of Jaya TV Managing Director and Sasikala's nephew Vivek Jayaraman and his sister Krishna Priya. 

The Income Tax department on Thursday morning raided the office of Jaya TV in Chennai over alleged reports of tax evasion. The Tamil channel is controlled by AIADMK and arrested party leader VK Sasikala, while it was founded by late Tamil Nadu Chief Minister J Jayalalithaa.

Sources claim that the searches were part of 'Operation Clean Money'. The tax allegation covers aspects like shell companies, dubious investments, fund flow, and fudging of accounts.