Sasikala used banned notes to buy malls: IT Dept to Madras HC

The Income Tax Department on Friday informed the Madras High Court of having passed Assessment Orders on proceedings initiated by it against former Chief Minister Jayalalithaa’s close aide V.K. Sasikala for having reportedly purchased a resort, two shopping malls, a software company, a sugar mill, a paper mill and 50 windmills, all worth several hundred crores of rupees, using demonetised ₹500 and ₹1,000 currency notes after November 8, 2016.