Quick Summary
Massive Income Tax Raids Reveal Staggering Financial Irregularities Linked to DMK MP S Jagathrakshakan and Saveetha Educational Group In a week-long operation, the Income Tax Department conducted searches at approximately 100 locations associated with DMK Member of Parliament (MP) S Jagathrakshakan and the Saveetha group of educational institutions. The investigations unearthed a web of financial improprieties, including unaccounted fee receipts, fraudulent expenditure claims, and fund divers
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Income Tax Department has uncovered a tax evasion scheme amounting to approximately Rs 1200 crore.
The scheme is linked to DMK Member of Parliament (MP) S Jagathrakshakan and the Saveetha group of educational institutions.
The investigation revealed unaccounted fee receipts, bogus expenditure claims, fund diversions from trusts, and false scholarship claims.
Tax officials seized loose sheets, hard copies of documents, digital data, unaccounted cash amounting to 32 crore, and gold bullion worth 28 crore.
Searches were conducted at approximately 100 locations across Tamil Nadu and Puducherry, including educational institutions, distilleries, pharmaceutical companies, hospitals, and hotels.
CAclubindia
