Rolls Royce, BMW, Lamborghini, Porsche… Taxmen seize 9 supercars from this conman

News Network
November 15, 2017

Bengaluru, Nov 15: After sudden raids, the income tax department has confiscated nine expensive cars and a super bike from high-profile 'conman' and Bengaluru native Sukesh Chandrashekhar, who is making the rounds of courts across the country under police escort.

Tax sleuths from Bengaluru raided a property in Kochi on November 10 and seized seven cars: a Porsche, Lamborghini, Rolls Royce, Range Rover, BMW, Fortuner, Prado. They also seized a Ducati bike.

Sukesh shot into the limelight earlier this year when the political drama in Tamil Nadu was at its peak, and he was arrested on the charge of trying to bribe Election Commission officials for an election symbol.

Sukesh is said to be close to TTV Dhinakaran, nephew of Tamil Nadu politician V K Sasikala. Both Dhinakaran and Sasikala, convicted in a disproportionate wealth case, are in jail in Bengaluru.

An under-trial housed in Tihar jail, Sukesh was brought to Bengaluru on October 10.

Tax sleuths had gathered information that the Delhi police team escorting him had allowed him to meet his business associates and shop at the plush UB City mall. Unknown to him, a team of tax sleuths from the Karnataka Investigation Wing was closely monitoring his activities.

They raided a service apartment on Vittal Mallya Road and an apartment in Nagarabhavi and seized two luxury cars, a Bentley and a Jaguar, in addition to what they had already seized in Kochi. They also confiscated expensive wrist watches, said to be worth crores, in Bengaluru.

Sources said Sukesh went about business even under arrest. He received cash from his contacts in Bengaluru, and splurged Rs 5 crore, also in cash, to buy some luxury cars in August this year.

Navas, Sukesh's confidant in Kochi, is said to have been the custodian of his cars. The team from Bengaluru carried out searches in Kochi between November 8 and 10. It got the keys to a locked property in that city from Navas. The property is owned by an NRI. Navas has stated that all expensive articles, including the cars, belong to Sukesh.

Comments

wellwisher
 - 
Wednesday, 15 Nov 2017

Who ever what ever he may be ONE who looting and cheating with his country home land to be considered as terrorist and kept them behind bar.

Then only the commom people can survive and our country will develop.

Untill We all kick out our criminal politicians and corrupted ministers,  INDIA will never improve.

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Agencies
February 26,2020

Thiruvananthapuram, Feb 26: The Kerala Police on Wednesday arrested a man who had threatened people protesting against Citizenship Amendment Act (CAA) in Delhi on social media.

"The person was arrested by Agali police in Palakkad district for trying to instigate communal violence," the Police said.

On Tuesday, Kerala DGP Lokanath Behera had said that strict action will be taken against those who try to create any communal divide.

"Action will be taken against those who create or forward such messages that create communal tension through social media. All messages on social media are under police surveillance," he said.

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News Network
April 25,2020

Bengaluru, Apr 25: Former Karnataka Health minister and senior Congress leader Dr H C Mahadevappa on Saturday urged the state government to chalk out a comprehensive plan to conduct tests among the vulnerable sections in the society to impede the spread of the dreaded COVID-19 pandemic in the state.

Speaking to media persons, Dr Mahadevappa, felt that only restricting people to remain indoors will not suffice to tackle the spread of the contagious disease he said that "There needs to step up testing the people especially belonging to the vulnerable sections of the society".

Maintaining that the COVID-19 disease, which has progressed itself as a pandemic, across the globe, former Health Minister said that "there is also a need to fight the menace with multiple dimension, as it has potential to cause damage not only the social life of the people but also their livelihood".

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News Network
July 26,2020

Bengaluru, Jul 26: A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.

The MACEL owes Rs 3,535 crore to subsidiaries of Coffee Day Enterprises as of July 31, 2019 of which only Rs 842 crore was accounted.

"Therefore, a sum of Rs 2,693 crore is the incremental outstanding that needs to be addressed," said the report of an investigation headed by Ashok Kumar Malhotra, a retired DIG of Central Bureau of Investigation (CBI) and assisted by law firm Agastya Agastya Legal.

Siddhartha was found dead in early August 2019, and many suspected that he had committed suicide.

Steps are being taken by subsidiaries of CDEL for recovery of dues from MACEL, the company said.

"The board authorised the Chairman to appoint an ex-judge of the Supreme Court or the High Court, or any other person of eminence, to suggest and oversee actions for recovery of the dues from MACEL and to help on any other associated matters," it said in regulatory filings at stock exchanges late on Friday.

The probe further gives clean chits to the Income Tax Department and the private equity firms who Siddhartha in his parting letter had alleged of harassment.

"We have not been provided with any documentary evidence to draw an inference that there may have been any advertent or inadvertent harassment from the Income Tax Department," said the probe report.

The probe also highlighted severe liquidity crunch at CDEL in the build-up to Siddhartha's death.

A committee supported by senior professionals was formed to protect the interest of all stakeholders. CDEL said the debt levels which were about Rs 7,200 crore on March 31, 2019 have been brought down significantly by Rs 4,000 crore. The present debt of the group is around Rs 3,200 crore.

"The disinvestment process in the group continues and we are confident to have effective solution to all stakeholders," it said.

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