Income Tax officials on Wednesday stated that they have recovered Rs 77 crore in unaccounted cash from several Tamil Nadu hideouts of a financier of the Tamil blockbuster ‘Bigil’ which featured popular local actor Vijay, who is also under investigation.
An IT press release said that searches were conducted at 38 premises linked to the film’s producer, financier, actor and his distributors, all based in Tamil Nadu, revealing hoards of unaccounted cash and incriminating documents.
“Large number of property documents, Promissory notes, post-dated cheques taken as collateral security were recovered during the search and have been seized. As per evidence detected during the search, it is estimated that the concealment in this case is likely to exceed Rs. 300 crore,’ said the release.
“In the context of the issues of the prominent Actor, it is stated, that, his investment in immovable properties and remuneration received from the said Producer for acting in the film is the subject matter of investigation in the present search. Searches in some of the premises are still continuing,” the release said.
The search at the distributor’s “hideout” has led to the recovery of incriminating documents that are being scrutinised, claimed the release.
The officials were also analysing the accounts found in the office premises of the film producer.
“Evidences of actual receipts and expenses booked and remuneration paid to Artists is under investigation,” said the IT department.
Here is the full release:
