Lawstreet Journal

Sasikala Advanced A Loan Of ₹237 Crore In Illegal Tender To A Government Contractor Using Demonetised Notes: IT Dept

Lawstreet Journal 24 Dec 2019 8:42pm

Image courtesy: Lawstreet Journal Judiciary Sasikala Advanced A Loan Of ₹237 Crore In Illegal Tender To A Government Contractor Using Demonetised Notes: IT Dept

A close adjutant to the former Chief Minister Jayalalithaa, V.K. Sasikala advanced a loan of ₹237 crore in illegal tender to a government contractor. Documents have been accessed proving the same along with documents revealing that he had purchased assets worth ₹1674.50crore using demonetised currency notes.

According to IT sleuths, a search was conducted on the premises of AIADMK organ “Namadhu MGR”, marketed by Jaya Publications, on November 9,2017, led to the seizure of a loose sheet of paper revealing handwritten notes of transactions between various persons. 

When the firm’s manager Balaji was asked, he said that the loose sheet belonged to V.S. Sivakumar, who was a close relative ofSasikala. He added that:

Mr. Sivakumar was the director of Harichandana Estate at T. Nagar in Chennai and that the latter used to visit the Namadhu MGR office at Ekkattuthangal frequently and check the accounts.”

Post this, it was found out that the first entry in the loose sheet pertained to a commission of ₹7.5 crore paid for having facilitated transfer of ₹237 crore in demonetised notes.

According to the statement made to the I-T department, Mr. Sivakumar reportedly  accepted that the note was written by him and explained the entire transaction in detail. He also said that Sasikala asked him to meet her at Apollo Hospital, where Jayalalithaa was being treated, after demonetisation was announced by the Centre on November 8, 2016.

Post that, she instructed him to hold discussions with T.S. Kumarasamy of Christy Friedgram Industry of Tiruchengode, for converting the demonetised currency notes worth… Continue Reading...

Tagged: Jayalalithaa   Demonetised Notes  
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