Income Tax Department sleuths have carried out raids at Jaya TV office in Chennai. It has been learnt that the raids were carried out following reports of tax evasion.
Income Tax Department sleuths have carried out raids at Jaya TV office in Chennai. It has been learnt that the raids were carried out following reports of tax evasion. Jaya TV is controlled by jailed AIADMK leader Sasikala’s family, according to reports. “It’s not about TV alone, but shell companies” an I-T official said. It has been learnt that the raid was conducted at 6.30 am. Apart from the Jaya TV, Income Tax department has carried out raids at premises of Tamil newspaper Dr Namadhu MGR in a case of alleged tax evasion. The newspaper is also located in Chennai. AIADMK Karnataka in-charge, Pugazhendi’s house being raided by Income Tax department in Bengaluru’s Domlur
Also, the allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts, income tax sources here told PTI.
The searches at the TV channel’s accounts branch here is part of ‘Operation Clean Money’, sources said.
Searches also cover the premises of Midas Distilleries and Jazz Cinemas, they said.
The two entities are perceived to be associated with some of those linked to Jaya TV.
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Jaya TV also reported the searches by tax sleuths in its premises and at Jazz cinemas.
The searches were being conducted by more than 10 groups since this morning, sources added.