The Rs 1,430 crore that was seized during the Income Tax raids on locations owned by Sasikala and her associates was meant to be invested in real estate.
Vivek, who was taking care of Jazz Cinemas, was appointed as managing director of Jaya TV and entrusted with the responsibility of operating Dr Namadhu MGR after Sasikala and others were convicted in the disproportionate assets case.
"We have found tax evasion of Rs 1,430 crore, as of now".
Sources in I-T Department said hundreds of incriminating documents were seized, besides Rs 7 crore cash and jewellery worth approximately Rs 5 crore. Stating that Rs 30 crore of undisclosed income was "detected already", the Chennai-based official said a "lot more materials" are being looked into.
On November 9, Income Tax sleuths raided 187 premises across multiple cities, mostly in Tamil Nadu.
According to reports, the raids were conducted in connection with suspicious fund flow, dubious investments and unexplained routing of cash post-demonetisation through shell companies allegedly connected to Sasikala and her nephew Dinakaran.
The department had summoned Karnataka's AIADMK leader V. Pugazhendi, whose premises were searched last week.
"No one was questioned today". "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", The Hindu quoted a source as saying. "Whoever commits, you or ministers or I, we are liable", he said, pleading not to make the searches a big issue. ".you have to pay income tax".
The raids began on Thursday with a team of around 1,800 IT officials simultaneously raiding 187 locations belonging to relatives of Sasikala - who is now lodged in the Parapana Agrahara central jail, her nephew TTV Dinakaran and their business associates in several cities.
Documents relating to the import of fleet of foreign cars were seized from the Chennai house of Sasikala's niece. In all, 355 people have so far come under the I-T scanner in this round of searches. The officials also found large-scale immovable assets during the operation.
Valuables have also been reportedly found out from the all-girls Sengamala Thayaar Educational Trust Women's College at Sundarakottai near Mannargudi town that is run by Sasikala's brother, V.K. Dhivakaran.
The exercise involves analysing the documents, valuing the properties, recording the statements of persons concerned and initiating action will take more time, officials said.