The Income Tax officials raided the premises of Jaya TV in Chennai early Thursday morning over suspected tax evasion. Some other associates of the television network were raided too. The prominent Tamil television channel is perceived to be politically disposed in favour of deposed AIADMK leaders VK Sasikala and TTV Dhinakaran.
The searches at the TV channel’s accounts branch in Tamil Nadu capital is part of ‘Operation Clean Money’, sources said.
The allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts, income tax sources here told PTI.
Searches also cover the premises of Midas Distilleries and Jazz Cinemas, they said. The two entities are perceived to be associated with some of those linked to Jaya TV.
Jaya TV also reported the searches by tax sleuths in its premises and at Jazz cinemas.
The searches were being conducted by more than 10 groups since this morning, sources added.