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I-T dept attaches properties worth Rs 1,600 cr belonging to Sasikala: Official sources

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The Income-Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions of the Benami Transactions (Prohibition) Act, IT sources said.

The properties were bought using Rs 1,500 crore in demonetised notes under fictitious names, the sources added.

Sasikala, late Tamil Nadu chief minister J Jayalalithaa's close aide, is currently lodged in Bengaluru's Parappana Agrahara jail in a disproportionate assets case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 05 2019. 17:22 IST