Sasi clan stash size `1,430 cr and counting
THE five-day-long raids by Income Tax Department against the close aides of jailed AIADMK leader Sasikala and TTV Dinakaran have brought to light the concealment of `1,430 crore worth of unaccounted wealth.
“This is paltry going by the amount of incriminating documents we have seized during the raids. This is nothing compared to what we have seized,” a senior Income Tax official told Express after Monday raids.
The official also did not rule out the possibility of Enforcement Directorate launching a probe under Prevention of Money Laundering Act as the raids also involved shell companies. “It would be done as per the law,” he said.
The official also disclosed that the people whose premises are raided are not opening up to queries pertaining to shell companies. “We have our own ways to find out,” he said. The major focus of the raids has been Krishna Priya, the niece of Sasikala, who is believed to be a major operator of shell companies. “Vivek Jayaraman, who is the nephew of Sasikala, was not involved with shell companies earlier. Now he is part of it,” the official said.
The officials said that the large number of bank accounts were frozen by the investigating officers. The official also said that Divakaran, brother of Sasikala, has been summoned for investigation. On Monday three close aides of Sasikala and Divakaran along with Vivek were summoned by the investigating officers of Income Tax.