ERNAKULAM: The Income Tax Department (IT) is increasing its efforts to investigate Kunnathunad MLA PV Sreenijan. Sreenijan may face consequences from the IT department due to his alleged involvement in financial transactions with a film producer that were not properly recorded.
This action was initiated after discovering that Sreenijan involved money transaction with a film producer without proper documentation. The IT department has also announced its intention to collect taxes and fines from Sreenijan for engaging in illegal financial transactions without paying taxes.
The Enforcement Directorate (ED) found that these unauthorized financial transactions were conducted using the bank accounts of employees working for PV Sreenijan’s company.
Specifically, the IT department has uncovered evidence indicating that in 2013, Sreenijan gave Rs 1 crore to a film producer, and later received Rs 2.5 crore in return. During the investigation, suspected employees confirmed that the funds received through their accounts were eventually handed over to MLA Sreenijan.
Sreenijan was interrogated for four hours at the Income Tax Department’s Kochi office regarding these financial transactions. These transactions came to light during raids conducted at the residences and offices of prominent individuals in the film industry.
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