CHENNAI: The Income Tax Department has attached 'benami' assets worth around Rs 1,600 crore belonging to VK Sasikala, an aide to former Tamil Nadu chief minister J Jayalalithaa, officials said on Tuesday.
These include two malls, a beach resort, a paper mill and a sugar factory among others, according to income tax sources. They were procured soon after demonetisation in November 2016 when Prime Minister Narendra Modi declared that the two high-value notes of Rs 500 and Rs 1000 are not legal tenders, Income Tax sources said.
Income Tax sources said a provisional order of attachment against VK Sasikala, lodged in a jail in Bengaluru after being convicted in a disproportionate assets case, has been issued under section 24(3) of
the Prohibition of Benami Property Transactions Act, 1988.