Sasikala's nephew says no political motive in the IT raids

Day 5: IT officials question Jaya TV CEO Vivek & kin

The Income Tax Department has unearthed tax evasion of Rs 1,430 crore during its raids/searches spread over five days at the premises of jailed AIADMK leader V.K. Sasikala's kin and their business associates, an official said on Monday. It has been found out that Sasikala and family have evaded taxes amounting to Rs 1,000 crore, reported The Asian Age.

As per the reports, IT department seized Rs 7 crore in cash and jewels worth more than Rs 5 crore during the raids.

People who know Jayaraman or have watched him closely say he took over the management of Jaya TV past year - after the death of chief minister J Jayalalithaa and around the time of the conviction of her aide Sasikala. Every citizen of the country has to pay income tax.

"No one was questioned today".

Global wealth surges in 2017 - Credit Suisse report
Meanwhile, 70 per cent of adults - 3.5 billion people - own less than $14,547 in assets and account for 2.7 per cent of wealth. That brings the total number of millionaires in the USA up to approximately 15,356,000, or about one in every 20 Americans.

Officials have aided 10 "assessee groups" at 187 locations across Tamil Nadu, Andhra Pradesh, Puducherry and Delhi over suspected tax evasion.

Stating that Rs30 crore of undisclosed income was "detected already", the Chennai-based official said a "lot more materials" are being looked into.

Bank accounts to those shell companies have been frozen - massive sums of money were deposited in them post demonetisation.

Refusing to go into specifics, Jayaraman told reporters that income tax officials had demanded "regular documents" related to the businesses he heads - Jazz Cinemas and Jaya TV - and he has provided them. "Definitely, in the next two-three days, we'll submit it to the department".

Robert W. Baird Keeps Rating On Cisco Systems Inc (CSCO)
After $0.55 actual EPS reported by Cisco Systems, Inc . for the previous quarter, Wall Street now forecasts 0.00% EPS growth. They expect this year's earnings to rise 1.4% year-over-year to $2.18, followed by 5.05% growth in the next year to $2.29.

The raids began on Thursday with a team of around 1,800 IT officials simultaneously raiding 187 locations belonging to relatives of Sasikala - who is now lodged in the Parapana Agrahara central jail, her nephew TTV Dinakaran and their business associates in several cities.

Jayalalithaa used to stay twice a year in the Kodanadu Bungalow, documents of which were allegedly in the custody of Dhinakaran or some of his relatives after her death.

Also, tax officials are yet to assess the value of immovable properties identified and the valuables in 15 lockers that are yet to be opened.

Several documents pertaining to benami transactions in the names of several household staff have been seized by tax officials.

Star Wars: The Last Jedi IMAX poster revealed
A new " Star Wars " TV series is in the works for Disney's upcoming subscription channel, which will be launched in 2019. For 20% your first order go to AdvanceAutoOffer.com/forcecast and use the promo code: AAP20CAST.

According to reports, besides diamond jewellery, six Rolex watches were found in a women's hostel belonging to Sasikala's brother Dhivaharan.

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