IT freezes 100 bank accounts linked to Sasikala kin

IT freezes 100 bank accounts linked to Sasikala kin

IT freezes 100 bank accounts linked to Sasikala kin

According to a senior IT official, the search operation was completed in about 40 locations as of Friday morning. "The accounts were being operated by Vivek Jayaraman", said an I-T official.

There is speculation that either the IT department has found nothing substantial which is why they have maintained silence on the operation or that the department was still deciphering the documents they have unearthed. Offices of Jaya TV- a channel which has been acting as the mouthpiece of AIADMK- and Namadhu MGR- a newspaper with a sympathetic eye for Sasikala's party- were also raided. IT department launched one of the biggest searches covering members, business establishments, business associates, aides and supporters of the powerful Sasikala family.

He told reporters at Kaveripattinam on Sunday that Sasikala came as an ordinary person to assist the former Chief Minister. Sources told TNM that around 50 accounts were being scrutinised and that many shell companies were working on minimum amount of capital.

"We have seized documents and cash during our search operations in several places". Some documents were seized from the houses of his sister Krishna Priya and an auditor. Two officials stayed entire night in the office premises to go through documents and other materials, sources said.

"For everything else that needs to be examined still, we have issued prohibitory orders and it (probe) will be resumed in due time", said an I-T official on conditions of anonymity. "I gave them full cooperation to the officials". He had allegedly used coercion to buy Jazz Cinemas, which was earlier known as Luxe Cinemas.

After the appearing before the IT officials, Pugalendhi said that he was asked to appear again on Wednesday. "We do not know from where such reports emerge. Only after the raids conclude and the data consolidated we can conclude what all have been seized".

"The search part is nearly over and only the documents are to be examined and confronted with the assets. But the details of these seizures can not be confirmed now", an unnamed I-T official told Arun Janardhanan of The Indian Express.

Income tax raids also began on November 9 at 188 properties in Tamil Nadu, Puducherry, Bengaluru and Hyderabad owned by Sasikala, her family and associates, the TOI report said.

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