The Income Tax department found Rs 1,430 crore undisclosed wealth in the raids on Sasikala and Jaya TV. On last Thursday, the officials of I-T department conducted multi-city raids on 187 premises including those linked to Sasikala and her nephew TTV Dhinakaran and Tamil television channel Jaya TV over the suspected tax evasion.
As per a tax investigation officer, more than Rs 7 crore in cash and jewellery worth over Rs 5 crore were seized during the searches. Also, the official added that nearly 15 bank lockers and diamond jewellery were kept under ‘prohibitory orders’.
The official further added that the unaccounted income will definitely be much higher than Rs 1,430 crore and also there is evidence of huge amounts parked in several places across the country.