department, which conducted
on 38 premises belonging to Tamil actor
, film producing company AGS Entertainment, financier G N Anbu Chezhiyan and an unnamed film distributor on Thursday and Friday, seized a total of Rs 77 crore in cash. The money was seized from two premises in Chennai and
belonging to Chezhiyan.
The department says it is probing actor Vijay’s investment in immovable properties which might be a part of the remuneration he got from the producer for acting in the film “Bigil.”
“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,” said Central Board of Direct Taxes (CBDT) spokesperson Surabhi Ahluwalia.
“The income tax department conducts searches on prominent persons in film industry in Tamil Nadu. The department conducted a search in the case of four major players in the film industry — producer, a prominent actor, a distributor and a financier,” said Ahluwalia.
The common thread among all these entities was the success of a recent film which was a box office hit collecting around Rs 300 crore. “About 38 premises of the group were covered in search and survey actions spread over Chennai and Madurai. The highlight of the search is the seizure of unaccounted cash of about Rs 77 crore from hideouts and secret places located in Chennai and Madurai, purportedly belonging to the financier,” said the spokesperson.
The unnamed distributor, who is a part of the group, is also a builder. “All documents in original, belonging to the distributor, have been recovered from a hideout, which was the house of his friend. Scrutiny of the evidence so unearthed is under progress,” she said.
The producer is into film production and distribution, owns multiplexes and has produced several films. “Analysis of the accounts available on the office premises is under process. Evidences of actual receipts and expenses booked and remuneration paid to artists are under investigation,” the spokesperson said.