The Income Tax department has provisionally attached seven properties, which VK Sasikala had allegedly purchased using Rs 1,500 crore scrapped notes immediately after demonetisation, even as late Chief Minister Jayalalithaa was battling for life in hospital.
The Income Tax department has already informed Sasikala about the attachment under Benami Property Transaction Act. “Sasikala who is now lodged in Parapana Agraharam jail in Bengaluru, has been informed about the development through jail officials. The sub registrar offices concerned and registrar of companies have also been informed,” sources added. Tax sleuths working under The Principal Director, Income Tax investigation, found that Sasikala had paid the owners of the seven companies – including Spectrum Mall in Perambur, Senthil Paper Board, Coimbatore, Sri Lakshmi Jewellery, Coimbatore, a resort in Puducherry belong to the same jewellery firm – three years ago.
Though these seven firms are under scrutiny, taxmen believe that Sasikala could have purchased other properties as well.
According to investigators, Sasikala could have conducted these transactions while former chief minister Jayalalithaa was undergoing treatment at Apollo Hospitals. Jayalalithaa passed away on December 5, 2016. The case is currently with the settlement wing of the I-T department where the involved parties are negotiating for the final settlement.