IT Department seized VK Sasikala’s 11 properties worth ₹ 100 crores

National News, News

Chennai: Income Tax officials seized 11 properties of formed AIADMK leader VK Sasikala on Wednesday. According to the IT official sources properties spread across 24 acres in Payanoor village of Tamil Nadu were reportedly brought between 1991 and 1996 when Jayalalitha was the Chief Minister of Tamil Nadu.

Former Karnataka Special Court Judge John Michael Cunha in his judgement in 2014 said these 11 properties as disproportionate assets of Jayalalitha, her close aide Sasikala and Sasikala’s relatives Ilavarasi and Sudhakaran. The properties may have cost around ₹ 20 lakh at the time of purchase in the 1990s, the present cost is estimated to be nearly ₹ 100 crores.

Based on the 2014 court judgment, the tax department has attached the properties under the Benami Transactions (Prohibition) Act, sources said. The State’s Land Registration Department has been informed, and attachment notices have been put outside the properties, officials added. VK Sasikala can continue to use these properties but she cannot carry out any transaction.

Leave a Reply