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Home » India » TV9 Rajinikanth Faces Income Tax Raids and Investigations?

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TV9 Rajinikanth Faces Income Tax Raids and Investigations?

Snap News Service
Last updated: June 20, 2024 1:43 pm
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TV9 Rajinikanth Faces Income Tax Raids and Investigations

Contents
Expensive Real Estate and Hidden InvestmentsInvestigations have revealed Tv9 Rajinikanth’s involvement in several high-value property transactions:Connection with Amaravati Land DealsInvestments in Pubs and Media ScamsPolitical Connections and Revenue CollectionMyHome Management InvestigationAuthor: Snap News Service

Hyderabad.19.06.2024 : According to rumors on social media, a news on TV9 Rajinikanth has gone viral. It is known that Rajinikanth is going to file a case against the digital media channels that propagated this news. Let’s see what the news is.

The Income Tax (IT) department has issued notices to TV9 Rajinikanth following allegations of financial misconduct involving high-profile political figures. The notices come after accusations that Rajinikanth stole from K.T. Rama Rao (KTR) in Telangana and Jagan Mohan Reddy in Andhra Pradesh. The tip-off to the IT department came from anonymous sources.

The IT authorities discovered that a special flight was booked by Rajinikanth’s business partner, Naidu, through an airline owned by a relative of the YSR Congress Party (YCP) chief. This revelation has left the tax officials surprised and led to further scrutiny.

Expensive Real Estate and Hidden Investments

Investigations have revealed Tv9 Rajinikanth’s involvement in several high-value property transactions:

– A flat in the financial district bought for ₹11 crores.

– A villa in Mokila purchased for ₹8 crores.

– A triple-bedroom flat in Miyapur.

Additionally, income tax raids were conducted on Premier Infra, a real estate company in Bengaluru linked to Rajinikanth. For the past eight years, he has operated this company alongside a man named Kishore, allegedly using benami transactions to keep his name off the records.

Connection with Amaravati Land Deals

Since the return of Chandrababu Naidu as Chief Minister in Amaravati, the land rates in the region have surged. Rajinikanth had applied for the return of flats from the Capital Region Development Authority (CRDA) concerning an 18-acre land purchase in Krishnayapalem, which brought his dealings to light. Information from CRDA has now reached IT officials, intensifying the investigation.

Investments in Pubs and Media Scams

Rajinikanth has also invested in pubs, one in Hyderabad and another in Vizag, in collaboration with an AP minister. Furthermore, allegations have surfaced against YCP digital media in-charge Sajjala Bhargav Reddy for a massive scam involving digital platforms in Hyderabad. Rajinikanth, along with Sajjala Bhargav Reddy, failed to pay the digital channels and magazines they had engaged, leading to accusations of financial misconduct.

Vijay
TVK Leader Vijay Faces Criticism from Party Member Over Personal Life Remarks

Political Connections and Revenue Collection

During the Telangana and AP elections, Rajinikanth allegedly collected large sums of money for political leader interviews. He is said to have gathered crores of rupees from various leaders, bypassing the channel’s marketing team and handling the revenue collection personally, through a benami named Dharma Reddy.

MyHome Management Investigation

The management of MyHome is also investigating the payments made by Dharma Reddy and Rajinikanth. Following these revelations, Rajinikanth has found himself in a difficult position, especially after the YCP party lost power.

The ongoing investigations and raids by the Income Tax department have put TV9 Rajinikanth in the spotlight, revealing a complex web of financial and political connections. The full extent of his alleged misconduct and its consequences are yet to be determined as the investigations continue.

Although it is not known whether this news is true or not. TV9 Rajinikanth is very serious about this news.

Read Also : RRB JE Recruitment 2024: 7,911 Posts Announced

TV9 Rajinikanth Faces Income Tax Raids and Investigations https://t.co/CpZ5OkcG8q via @snapnews_24

— Snap News (@snapnews_24) June 19, 2024

Snap News Service
Author: Snap News Service

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