Raids on VK Sasikala's premises: I-T department unearths unaccounted income of Rs 1400 cr

The Income Tax Officials on Monday informed that they have unearthed unaccounted income of over Rs 1400 crore during raids on VK Sasikala's family members and premises of Jaya TV in Chennai.

Last Thursday, the Income Tax department sleuths had carried out simultaneous multi-city raids on 187 premises including those linked to Sasikala and her nephew and deposed AIADMK general secretary T T V Dhinakaran and Tamil television channel Jaya TV over suspected tax evasion.

A top tax investigation official asserted that more than Rs 7 crore in cash and jewellery worth over Rs 5 crore were seized during the searches.

As many as 15 bank lockers and diamond jewellery were kept under "prohibitory orders" under which access to them is denied, he added.

Income Tax officials say, unaccounted income of over RS 1400 crore has been unearthed during raids on VK Sasikala's family members & premises of Jaya TV in Chennai.

— ANI (@ANI) November 13, 2017

"A lot of incriminating documents were found and prima facie we have detected undisclosed income of Rs 1,430 crore," the official, who did not want to be named, told. In Delhi, a senior I-T official said undisclosed income of around Rs 1,500 crore was detected during the multi-city searches that were carried out mostly in Tamil Nadu. (With PTI Inputs)