11 Nov '17, 8am

I-T raids: Diamonds, Rolex watches tumble out of TN hostel rooms

I-T raids: Diamonds, Rolex watches tumble out of TN hostel rooms

and Swiss watches tumbled out of cupboards in unoccupied hostel rooms of a women's college in Tiruvarur district as income tax searches continued on premises owned by convicted AIADMK leader V K Sasikala , her relatives and associates in various parts of Tamil Nadu for the second day on Friday, said I-T sources. A senior I-T official said teams seized Rs 6 crore in cash, 8.5 kg gold worth Rs 2.4 crore and documents relating to investments worth Rs 1,200 crore, for which their owners could not provide any source of income. They searched the hostel of Sengamala Thayaar Educational Trust Women's College, owned by Sasikala 's brother V Dhivaharan at Sundarakottai in Mannargudi, the family's native village, and seized several valuables that were hidden in unused hostel rooms, said sources. "They include diamond jewellery and Rolex watches. We are in the process of assessing the...

Full article: https://timesofindia.indiatimes.com/city/chennai/on-day-2...

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