BY S VENKAT NARAYAN
NEW DELHI, May 27: The Hindu, a leading conservative newspaper, today carried an investigative report that exposes the shady deals the late Jayaram Jayalalitha’s confidante VK Sasikala and a host of her relatives have been involved in to enrich themselves during the former’s longish reign as Tamil Nadu chief minister.
The expose clearly shows why Sasikala was in such a hurry to grab power after Jayalalitha’s death last December.
According to the daily, in a quiet tree-lined lane in Chennai’s T. Nagar, a nondescript white apartment block sports the word GYAN prominently on its face. It is an unremarkable building, except for one reason. Or perhaps, two.
A couple of the flats — numbered 12 and 16 — are the registered addresses for at least 15 companies linked to V.K. Sasikala, general secretary of the AIADMK (Amma) and her sister-in-law Ilavarasi Jayaraman.
The two house a large number of shell companies that are inter-related in a complex maze. They sport unfamiliar names such as Sri Jaya Finance and Investments, Fancy Steels, Aviry Properties, Curio Auto Mark, Cottage Field Resorts and so on.
About the only company which is somewhat publicly known is Jazz Cinemas (earlier Hot Wheels Engineering), which raised eyebrows for the manner in which it acquired a Chennai cinema multiplex in 2015.
Almost all these companies have an auditor called K. Soundarvelan, who is registered as having an office in flat no. 16 of Gyan Apartments. The residents of this flat refused to speak to the daily’s reporter, but others — neighbours, for instance — swear there is no one by that name who lives in the apartment block.
As for flat no. 12, it has been locked for years. “Every month, someone comes to pay the maintenance to the security person and then leaves,” said a neighbour who did not wish to be identified. “We do not know who the owners are and the flat is locked. Nobody stays there and there is no company either.”
Company filings show that another mysterious firm by the name of Idhayam Homes and Builders has given a written letter consenting that the firms mentioned above may have their offices at the Gyan Apartment address.
All these companies were formed after 1996, most of them around or just after 2001, when former Tamil Nadu Chief Minister Jayalalithaa came to power for the second time.
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