I-T dept attaches properties worth Rs 1,600 cr belonging to Sasikala

The Income-Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions of the Benami Transactions (Prohibition) Act, IT sources said.

Post Published By: DN Bureau

Published: 5 November 2019, 5:51 PM

I-T dept attaches properties worth Rs 1,600 cr belonging to Sasikala

New Delhi: The Income-Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions18 of the Benami Transactions (Prohibition) Act, IT sources said.

Income Tax Sources: Properties worth about Rs. 1,600 crores, belonging to VK Sasikala (former AIADMK leader) have been attached under provisions of the Benami Transactions (Prohibition) Act. Properties were procured using Rs. 1500 crore in demonetised notes under fictitious names pic.twitter.com/YuGZBN8Tjt

— ANI (@ANI) November 5, 2019

The properties were bought using Rs 1,500 crore in demonetised notes under fictitious names, the sources added.

Sasikala, late Tamil Nadu chief minister J Jayalalithaa's close aide, is currently lodged in Bengaluru's Parappana Agrahara jail in a disproportionate assets case. (ANI)