Sasikala Natarajan (also V K Sasikala), convicted by the Supreme Court on Tuesday in the Rs 66-crore disproportionate assets (DA) case for four years' imprisonment, could face more problems if the Narendra Modi government cracks the whip on the alleged "shell companies" belonging to her. A list of more than 100 companies allegedly controlled by her, some of them with controversial business links, could face the Centre's wrath even as she faces an political apartheid for at least 10 years.
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The companies, with names suggesting links to liquor, entertainment, films, real estate, mills, agriculture, investments and finance, transport and exports, do not have a clear ownership while some of them exist on paper with no business activity for almost 15 years now, raising suspicion.
Interestingly, the Modi government had reviewed the working of shell companies on February 10 to ascertain those that are engaging in illegal activities such as money-laundering and tax evasion.
"There are about 15 lakh registered companies in India; and only 6 lakh companies file their Annual Return. This means that large number of these companies may be indulging in financial irregularities," the finance ministry said following a meeting chaired by PM Narendra Modi.
Sasikala's web of companies could lead to a trail of possible suspicious financial dealings, at least in some of the companies.
Take for instance, A World Rock Private Limited, a company registered on January 18, 2002, in Chennai with an authorised share capital of Rs 1 lakh for "quarrying of stone, sand and clay." Of the three directors of the company — Sivakumaar Koothaippar Sathiamoorthy, Karthikeyan Kaliaperumal and S Vaikundarajan — the last one has business interests in sand mining in the state and a controversial past, reported NDTV. The other two are nephews of Sasikala, the channel added.
The company's income from operations is nil in the past 15 years, the channel further said, to raise questions of its suspicious existence.
Another company the business interests of which are linked to Sasikala is Jazz Cinemas, was registered in September 2005. Its recent business dealing was in October 2015 when it acquired the SPI Cinemas-owned, 11-screen multiplex Luxe situated in Chennai.
In the same year, Sasikala became 48 per cent owner of Jazz Cinemas via one of her other companies, Midas Golden Distilleries Private Limited, according to another NDTV report. The company's directors, at the time of registration in 2005, were Karthikeyan Kaliaperumal and Sivakumaar Koothaippar Sathiamoorthy.
Midas Distilleries is one of the many suppliers of liquor to TASMAC, the state-owned outlet that sells liquor in Tamil Nadu. The company was registered in October 2002 with Karthikeyan Kaliaperumal and Sivakumaar Koothaippar Sathiamoorthy as the directors.
List of companies with alleged business links to Sasikala Natarajan:
1. Midas Golden Distilleries Private Limited
2. Lifemed Hospitals Private Limited
3. Royapettah Cardiac Centre Private Limited
4. A World Rock Private Limited
5. Curio Auto Mark Private Limited
6. Aviry Properties Private Limited
7. Signet Exports Private Limited
8. Fancy Steels Private Limited
9. Cottage Field Resorts Private Limited
10. Sri Jaya Finance And Investments Private Limited
11. Sri Hari Chandana Estates Private Limited
12. Jazz Cinemas Private Limited
13. Khazzana Finvest Private Limited
14. Rainbow Air Private Limited
15. Indo Doha Chemicals And Pharmaceuticals Limited
16. Satiate Building Promoters Private Limited
17. Jasons Golden Breweries Private Limited
18. Affluent Lands Developersprivate Limited
19. Dakshin Fruits And Vegetables Private Limited
20. Srijat Exports Private Limited
21. Afore Developer Private Limited
22. Aadjoin Developers Private Limited
23. Kentaa Steels Private Limited
24. Rainbow Air Private Limited
25. Subham Micro Finance Private Limited
26. Shri Jaya Investments Agency Limited
27. Brain Flower Innovations Private Limited
28. Ramraj Agro Mills Limited
29. Anjaneya Printers Private Limited
30. Jayaraaman Business Consultants Private Limited
31. Sukraa Club Private Limited
32. Maruti Transports Private Limited
33. Satiate Finance And Investments Private Limited
34. Satiate Building Promoters Private Limited
35. Jasons Golden Breweries Private Limited
36. Affluent Lands Developersprivate Limited
37. Dakshin Fruits And Vegetables Private Limited
38. Srijat Exports Private Limited
39. Afore Developer Private Limited
40. Lex Property Developments Private Limited
41. Array Land Developers Private Limited
42. Fancy Transports Private Limited
43. Aavignaa Agro Private Limited
44. Riverway Agro Products Private Limited
45. Signora Business Enterprises Private Limited
46. Meadow Agro Farms Private Limited
47. Industrial Minerals India Private Limited
48. Fancy Transports Private Limited
49. Apollo Textiles Private Limited
50. Riverway Agro Products Private Limited
51. Maruti Transports Private Limited
52. Aswathaasugars Distilleries Private Limited
53. Transworld Garnet India Private Limited
54. Shree Sanghvi Mills Private Limited
55. V V Titanium Pigments Private Limited
56. V V Network Private Limited
57. Ishwarya Azoics Limited
58. Edison Paints Limited
59. V V Renewable Energy Private Limited
60. Dhanalakshmi Srinivasan Sugars Private Limited
61. Pyramid Cements Private Limited
62. VV-Indbarath Infrastructure Limited
63. Ajax Media Tech Private Limited
64. Alliance Broadvasting Private Limited
65. Ayodhya Benefit Fund Limited
66. Hindustan Readymix Concrete Private Limited
67. Sands Enterprises Private Limited
68. Atmos Filters Private Limited
69. Environ Biowaste Systems India Private Limited
70. Eco Trees India Private Limited
71. V V Minerals Private Limited
72. V V Iron Amp Steel Company Private Limited
73. Q2q Solutions Private Limited
74. Spring Garnet India Private Limited
75. Opaque Mineral Resource Private Limited
76. V V Solar India Private Limited
77. Shri Nandhi Dhall Mills India Private Limited
78. Gnana Ganapathy Chits Private Limited
79. Lakshmi Movie Makers India Limited
80. Goodyield Investments Private Limited
81. Eminent Financial Services Limited
82. United Growth Chits Limited
83. Wyse It Solutions Private Limited
84. Bells And Claps Media Private Limited
85. Sri Janardhana Credits Limited
86. Sri Jay Chits India Private Limited
87. Emerald Engineering Private Limited
88. Kovai Biowaste Management Private Limited
89. Vijay Steel Agencies Private Limited
90. Welkyn Software Solutions Private Limited
91. Mayava Jewel Paradise Private Limited
92. Crystal Scans And Diagnostics Private Limited
93. Adhiev India Private Limited
94. H M C Fabrics Private Limited
95. Adhiev Nanopv Private Limited
96. Shijiamoni Energy Ventures Private Limited
97. Adhiev Kodi Energy Private Limited
98. Kodiwin Hydro Power Private Limited
99. Guru Kodi Green Power Private Limited
100. Yk 5 Power Private Limited
101. Solacon Energy Park Private Limited
102. Nanopv Solar India Private Limited
103. Nanopv Voltech Solar Private Limited
104. Mavis Satcom Limited
105. Muthu Pipes Private Limited
106. Sastry Nuts Plates Manufacturers Private Limited
107. Liberty High Scans Private Limited
