Income Tax raids on Vijay, AGS Entertainment and financier Anbuchezhian, which continued on Wednesday, concluded on Thursday.
In a statement, the I-T department said the raids, which began on Wednesday in the premises of four major players in the film Industry,
including a producer, a prominent actor, his distributor and financier continued on Thursday.
The common thread among all these entities was the success of ‘Bigill, which was a box office hit collecting around Rs 300 crore, it said and added that about 38 premises of the group were covered in search and survey actions spread over Chennai and Madurai.
The highlight of the search was the seizure of unaccounted cash of about Rs 77 crore from hideouts and secret places located at Chennai and Madurai, purportedly belonging to the financier.
A large number of property documents, promissory notes, post dated cheques taken as collateral security, were recovered during the raids and were seized, the department said.
As per evidence detected during the raids, it was estimated that the concealment was likely to exceed Rs 300 crore. The distributor, who is a part of the group searched, is also a builder, it added.
*****************
