CHENNAI: Income Tax sleuths on Wednesday carried out raids on the premises, distilleries and residence of Jagathrakshakan, a former Union Minister and close aide of DMK chief M Karunanidhi.
Jagatrakshakan, who owns deemed university and is into liquor trade, is perceived to be close to DMK chief Karunanidhi despite not being a senior leader in the party.
The raids were conducted on 40 premises in Chennai and Puducherry and it began early at 7am.
Income Tax sources told Express that nearly 300 people from the department raided distilleries, medical college, hotels as well as his residences.
Initial searches resulted in seizure of Rs 10 crore of cash which was unaccounted for. It is learnt that Rs 5 core was seized from one of his home alone.
Jagathrakshakan has been in controversy in various issues including Coal scam where he is alleged to have utilized his political clout for illegal coal allocation for his company in 2007.
The search is going on. Income tax sources refused to divulge any further details.