I-T freezes 100 bank accounts of shell companies linked to Sasikala kin
November 12, 2017  14:10
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At least 100 bank accounts of shell companies allegedly managed by Jaya TV MD Vivek Jayaraman, a nephew of convicted AIADMK leader V K Sasikala, have been frozen, said I-T sources.

The action comes four days after I-T searches commenced at 188 properties owned by Sasikala, her extended family members and associates in Tamil Nadu, Puducherry, Bengaluru and Hyderabad. 

The searches, till Friday, had yielded Rs 6 crore in cash, 8.5 kg gold and documents relating to investments worth Rs 1,200 crore of unaccounted money. Many valuables were recovered from unused hostel rooms of a women's college owned by Sasikala's brother V Dhivaharan at Mannargudi, said sources.

Searches were still continuing in some places, including Kodanad estate owned by Sasikala, because some lockers there were yet to be opened, the source said. "Our officials are questioning some people to ferret out more details about the seized documents," said the official.

Image: Media personnel stand guard in front of the Jaya TV where IT officials conducted a raid, in Chennai. Photograph: R Senthil Kumar/PTI Photo
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