TN AIADMK leader Sasikala’s benami properties attached

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The Income Tax Department has provisionally attached the under-construction 22,460 sq ft bungalow of VK Sasikala, an aide of former Tamil Nadu Chief Minister J Jayalalithaa.

 

The Income Tax Department has provisionally attached the under-construction 22,460 sq ft bungalow of VK Sasikala, an aide of former Tamil Nadu Chief Minister J Jayalalithaa.

A provisional attachment order was pasted on Wednesday at the sprawling prime property in Poes Garden at Chennai. An attachment notice was issued after the Income Tax Department attached the property two days back.

The notice said, "It is ordered that you are hereby prohibited and restrained until further order or till 90 days from the end of month from the date of notice u/s 24(1), whichever is earlier, from transferring or charging the properties described above as the provisions of section 24 (3) of the Prohibition of Benami Property Transactions Act 1988, in anyway and that all persons be, are hereby prohibited from taking any benefit under such transfer or charge," a News Minute report said.

The under-construction home of Sasikala, who was expected to stay in the property after completing her jail term, is located opposite the Veda Nilayam residence of former Chief Minister J Jayalalithaa. This was among 65 65 properties across Tamil Nadu worth over Rs 300 crore attached by the Benami Prohibition wing of the IT department.

An Indian Express report said that the Sri Hari Chandana Estates Private Limited is represented by Kaliyaperumal and Sivakumar, who were also associated with several other group firms including Jazz Cinemas Private Limited and Midas Golden Distilleries Private Limited.

Since the Income Tax department had found out through investigations that the property belonged to Sasikala they had also sent her a copy of the attachment order to her at the Parappana Agrahara jail in Bengaluru, where Sasikala is now lodged.

Sasikala is serving out a four-year sentence after being convicted in a disproportionate assets case in 2017. It is alleged that between 2003 and 2005, Sasikala purchased around 65 properties to the extent of 200 acres, now worth around Rs 300 crore, through Sri Hari Chandana Estates Private Limited.

It is also alleged that after demonetisation, Sasikala entered into Benami transactions for nine properties to the tune of Rs 1,600 crore. The BPU had also attached those properties and the Adjudicating Authority in New Delhi has commenced its proceedings under the Prohibitions of Benami Property Transactions Act.

Image Credit: Indian Express

 

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