Sukesh Chandrashekar Declares ₹7,640 Crore Overseas Income, Seeks To Pay Tax: 'Great Leadership Of PM Modi...'

Conman Sukesh Chandrashekar, who was arrested in 2015 for his involvement in a multi-crore fraud, has written to Union Finance Minister Nirmala Sitharaman, requesting the inclusion of his declared overseas income of ₹7,640 crore for 2024 under the relevant government tax scheme.

In his letter, Sukesh informed Ms Sitharaman that his overseas businesses, LS Holdings International and Speed Gaming Corporation, are registered in Nevada and the British Virgin Islands and operate in online and offline gaming and betting.

Photo Credit: PTI

He stated that his business activities are operational in the United States, Spain, the UK, Dubai, and Hong Kong. Sukesh also conveyed his willingness to settle all outstanding income tax recovery proceedings and appeals in India.

Sukesh expressed admiration for Prime Minister Narendra Modi, stating that under his leadership, he wishes to contribute to India's development by paying taxes on his overseas income and investing it domestically.

"As of today, being a proud Indian, under the great leadership of our Prime Minister Modi Ji, I want to contribute my part towards the world-class development of this great nation. Henceforth, by willingly paying Indian taxes on my overseas income, and further investing my overseas income here in India. Hereby to start, I am hereby declaring my legitimate overseas income of ₹7,640 crore for the year 2024 and wanting to pay the appropriate taxes in accordance to Indian tax laws on an immediate basis," Sukesh wrote in his letter.

He also emphasised that he is an undertrial and has not been convicted, maintaining that his income, including his overseas earnings, is legitimate and that the tax department has already initiated proceedings on his Indian income.

"I am currently facing multiple cases financial in nature, here in India, and am in judicial custody. It's important to mention that I am an undertrial and have not been convicted for any case. Hereby, it would be wrong to say that any of my income is illegal. It is also important to mention that your department has initiated tax recovery proceedings on my Indian income, proving my earnings are legitimate," the letter further reads.