Ending their largest-ever search operation in Tamil Nadu, which lasted five days and covered the properties of late Chief Minister Jayalalithaa’s former aide and jailed AIADMK leader V.K. Sasikala and her extended family members, Income Tax officials on Monday said that until now, tax evasion on income of ₹1,430 crore had been detected.
“This is not the final figure. We are still evaluating more documents and the figure could change. But we have concluded the raids and are now scrutinising the documents that our team found during the five-day search operation at 187 locations,” said a senior I-T official.
As part of the “standard procedure”, Vivek Jayaraman, 28, managing director of Jaya TV and son of Sasikala’s sister-in-law J. Illavarasi, went to the Income Tax department’s Investigation Wing office in Nungambakkam on Monday evening to sign papers related to the searches.
“No one was questioned today. Vivek and certain other family members came only to sign the papers. The AIADMK’s Karnataka unit leader Pugalendhi sought time to appear before us in response to our summons,” the official told The Hindu.
Besides the seizure of ₹7 crore in cash and jewels worth more than ₹5 crore, documents pertaining to large scale immovable assets were found during the searches in Tamil Nadu, Puducherry, New Delhi and Bengaluru. “As many as 15 bank lockers were frozen and several kilograms of gold and diamond jewellery that were claimed to have been accounted for were kept under safe custody for evaluation,” a source said. I-T officials identified dozens of shell companies and specific teams were probing the source of funds to those companies in recent years.