Read on Twitter
Thread: IT attaches 300 Cr worth property of Sasikala under Benami Act. Sasikala was d benami of former CM Jayalalitha. The 9 ground bungalow that she is building on poes garden right opposite to Jayas house is also one of d property attached. How did Sasikala buy this property?
Property is in name of Harichandana estates. The directors karthikeyan & sivakumar, a relative of Sasikala who r also directors of many other benami firms like MIDAS distilleries & JAZZ cinemas. But d shareholding clearly shows that d firm is owned by Sasikala & Illavarasi
This property was bought in March 2013 and registered for value of arnd 20 Crores. The property was bought from a trust called Sathyanarayana Trust. However Harichandana Estate is just a shell company buying properties. Who gave money to Harichandana estates to buy this property?
The Balance sheet of Harichandana estates reveal that they have got long term unsecured loans from 3 persons. Rs 20 Cr from Illegal Beach Sand mining famous Vaikundarajan and his brother Jagadeesan, part of the VV Mineral group.Another 14 Cr has come from a firm Apogee Developers
Not knowing about this back office deals, Thoothukudi Collector Ashish Kumar IAS raids & finds on Aug 6,2013 that VV Minerals group is involved in illegal mining.He finds that they were mining in 20 hectares while they had permission for only 4 hectares in Vaippar&vembar villages
Jayalalitha transfers out Ashish Kumar IAS immediately on Aug 8, 2013! News explodes & media reports it. So, Jaya forms a committee headed by by Gagandeep IAS to study into illegal mining. He submits after a few months but d report did not see light of d day for next few years.
In 2018, the findings of the report was known to the outside world. It showed that there are 1 crore metric ton of illegal beach sand mining in 3 districts which means this one of the biggest scams of Independent India. Majority of the companies were that of Vaikundarajan!
On the other side, who is this apogee developers pvt ltd who gave 14 Cr. They had changed their name to fancy steels pvt ltd. Now how did fancy steels pvt limited get this money from ?
Fancy steels pvt Ltd, a company said to deal with scrap business which had a share capital of Rs 1 lakh and small assets sells their shares for Rs 50 Cr. Who bought it for Rs 50 Cr & why in the world would they? We found that a company called Trusted Consulting bought it.
But Trusted consulting pvt ltd is just another shell company with 0 revenue in 2012-13. So how can such a company invest 50 Cr in fancy steels? Who gave Rs 50 Cr to this company ?
It is none other than V.R.Venkatachalam, then chairman of Ramchandra Medical College and Hospital, Porur who has given an unsecured loan of Rs 50 Crore to this zero revenue company. The intermediary companies were used as conduits to transfer the money to Sasikala.
Harichandana did not returned the unsecured loans asper 2019 BS. So r these kickbacks in name of loans that will never be paid back? Attachment by IT is only provisional & case may take years! Sasikala will continue to enjoy the property meanwhile after coming out!
IT earlier attached 1600 Cr of benami properties and now 300 Cr under Benami Act. Sasikala is in jail for her crime as a coconspirator & benami of Jaya during their 1991 to 1996 tenure. But what about all d Corruption that has happened after 1996? Will there be action? Lets see!
@threadreaderapp Please Unroll
@lakhinathan @priyankathiru @karthickselvaa @mahajournalist @sumanthraman @sandhyaravishan @arvindgunasekar @GunasekaranMu @Senthilvel79 @savukku @RangarajPandeyR @juliemTOI @komalgauthamTOI @SiddharthPTOI @dhanyarajendran @Ahmedshabbir20 @nelsonvijay08 FYI
@Akshayanath @PramodMadhav6 @sardesairajdeep @SaketGokhale @Nidhi @Lokpria Read this thread on the Sasikala Bungalow!
