Chennai: The income tax department on Monday said it had seized Rs 35 crore in cash from raids on Friday and Saturday at the offices and residences of actor-turned-politician Chiranjeevi’s son-in-law Vishnu Prasad and his father Siva Prasad.
In an I-T department news release, joint director Sanjay V Deshmukh said that a group of persons with interests in granite, real estate, sugar and distillery businesses were subjected to raids on Friday. Further investigation by the department resulted in the seizure of Rs 35 crore in cash from the bedroom attached to an office. The cash was neatly packed in 35 cartons, each containing Rs 1 crore in Rs 500 and Rs 1,000 denominations, the release stated. The income tax sleuths also seized several documents with one of the persons who was raided admitting that the cash recovered was unaccounted-for money, the release said.
Prasad, whose premises were raided, is married to Sushmita, the elder daughter of Chiranjeevi.Earlier, Chiranjeevi denied reports linking him to the raids and said they were aimed at tarnishing his image. Chiranjeevi said that he was a regular taxpayer who had even received an award from the I-T department for prompt clearance of tax dues.
“I condemn such reports and categorically declare that I have no connection whatsoever with I-T raids,” the Rajya Sabha MP said in a statement.
In an I-T department news release, joint director Sanjay V Deshmukh said that a group of persons with interests in granite, real estate, sugar and distillery businesses were subjected to raids on Friday. Further investigation by the department resulted in the seizure of Rs 35 crore in cash from the bedroom attached to an office. The cash was neatly packed in 35 cartons, each containing Rs 1 crore in Rs 500 and Rs 1,000 denominations, the release stated. The income tax sleuths also seized several documents with one of the persons who was raided admitting that the cash recovered was unaccounted-for money, the release said.
Prasad, whose premises were raided, is married to Sushmita, the elder daughter of Chiranjeevi.Earlier, Chiranjeevi denied reports linking him to the raids and said they were aimed at tarnishing his image. Chiranjeevi said that he was a regular taxpayer who had even received an award from the I-T department for prompt clearance of tax dues.
“I condemn such reports and categorically declare that I have no connection whatsoever with I-T raids,” the Rajya Sabha MP said in a statement.
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