1000 cr Tax evasion by Sasikala and Dinakaran

Chennai, November 11: Income Tax (I-T) Department officials recovered more than Rs 5 crore in cash from raids conducted at premises of jailed AIADMK leader VK Sasikala's kin, their business associates and their organizations across 40 locations in the country.

The raids are taking place in several places, including Mannargudi town in Tiruvarur district of Southern Tamil Nadu from where Sasikala and her family hails.

IT sleuths have seized volumes of incriminating documents relating to investments to the tune of Rs 1200 crore.

The searches are aimed at detecting tax evasion.

Responding to it, Sasikala's nephew TTV Dhinakaran, "These raids are being done for political vendetta."

The search operations have been concluded in many places and in other places, it is going on, tax officials said. The searches are aimed at detecting tax evasion.