IT raids on Jaya TV premises continue for 3rd day

IT sleuths raided simultaneously at 40 locations. The allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts, income tax sources told PTI.

Income Tax Department's raids continue on the third day at Dr Namadhu MGR (Tamil newspaper) and Jaya TV Offices, also at the residence of Managing Director Vivek Jayaraman and his sister Krishna Priya in Chennai on in connection with alleged tax evasion matter.

IT sleuths raided simultaneously at 40 locations. The allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts, income tax sources told PTI.

The raids are being conducted over suspected tax evasion as part of 'Operation Clean Money'.

Also, the taxmen conducted searches at the house of AIADMK Karnataka in-charge V Pugazhendi in Bengaluru. The raids have taken place just a day after the deputy secretary general TTV Dhinakaran questioned demonetisation.

"We are cooperating with the authorities. My simple question is why target the family?" asked Prasanna, spokesperson of the Sasikala-Dhinakaran faction of AIADMK.

(With agency inputs)