Crores in cash, foreign currencies, gold bars, and ornaments were seized in the I-T raids on the premises related to the politician.
Officials attached to the investigation wing of income tax held an inquiry with Jagathrakshakan and his family members.
The Income Tax Department has allegedly detected evasion to the tune of ₹1,000 crore by firms related to DMK MP S Jagathrakshakan on Tuesday, 10 October.
Several crores of cash, foreign currencies, gold bars, and ornaments were also seized by the department as the raids in the premises, owned and related to the politician and his family, entered its sixth day, according to sources.
Since 5 October, the department has been conducting search operations at 15 educational institutions, liquor factories, pharmaceutical companies, and four-star hotels related to the MP.
These raids are being conducted at 40 locations, including Chennai, Puducherry, Cuddalore, and Erode.
At Saveetha Medical College in Kuthambakkam, the IT sleuths have found that the institution has evaded tax to the tune of ₹250 crore, according to the sources.
During the search, the officials are also said to have found ₹27 crore in cash. They have allegedly found crores of rupees dumped in the mortuary of the college hospital, the sources said.
The seized cash was taken away by the department in nearly 16 bags. An IT official said that ₹2,000 currency notes — which the government has said the RBI will stop printing — were also seized from the college.
Further, during a search at the MP’s residence, the officials allegedly seized 18 kg of unaccounted gold.
Additionally, the officials also scrutinised the data storage devices and then seized the hard discs from the computers in the educational institutions and offices.
According to the officials, there are no proper records of the donations and fees collected at these institutions.
In a search conducted at the premises of Ilamaran and Narayanasamy, the sons-in-law of Jagathrakshakan, the IT officials seized ₹4 crore of unaccounted cash and foreign currencies, the denominations of which were not disclosed.
Seven wristwatches worth ₹2.75 crore were also seized.
A special team of IT officials was deployed to scrutinise the bank accounts of the firms run by the MP.
The team found the income and properties accumulated in the last three years had not been disclosed by the MP’s family while filing their Income Tax Returns (ITR).
From the liquor factories raided, the IT sleuths took extracts and copies of the books of accounts. Other relevant documents were also seized.
On Monday evening, the officials obtained signatures in the panchanama over the seized things. A copy of the panchanama, with all the relevant annexures, was served to the assessees, including the MP, an official told South First.
The officials attached to the investigation wing of the department questioned Jagathrakshakan and his family members.
Sources from the department said that details of the overall seizures from the searches will be revealed after the raids are completed.
V Senthil Balaji: Properties belonging to jailed Tamil Nadu minister V Senthil Balaji in Karur were raided by the officials of the Income Tax Department on 11 July. The raids targeted the properties of Mani, a friend of Ashok, who is the brother of Senthil Balaji, who was arrested by the ED in cash-for-jobs scam. The department raided 10 locations during the operation.
MK Mohan: On 24 April, the I-T officials conducted raids at more than 50 places in premises related to Tamil Nadu’s biggest realtor firm G Square and at the house of Chennai-based DMK MLA MK Mohan.
The raids were conducted against the backdrop of BJP state president K Annamalai’s charge that Chief Minister MK Stalin’s family members have amassed wealth using the real estate firm. The real estate firm, which has a base in Tamil Nadu, sells properties in Chennai, Kanchipuram, Coimbatore, Tiruchy, Hyderabad, Mysuru, and Bengaluru, and is owned by Rangaswamy Ramajayam. It allegedly has close connections with the power centres of the DMK.
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![[Left] File photo of BJP MLA Harish Poonja, who has been booked, and [right] Poonja sitting for a protest in front of Belthangady Police Station in the early hours of Sunday, 19 May, 2024.](https://s3.ap-south-1.amazonaws.com/media.thesouthfirst.com/wp-content/uploads/2024/05/Harish-Poonja-and-Belthangady.jpg "Harish Poonja and Belthangady")
