BENGALURU: Searches by Income-Tax sleuths on Karnataka’s 4 super stars and 3 ace producers across the city from January 3-5 resulted in seizure of undisclosed assets valued at Rs 11 crore, including Rs 2.85 crore in cash and 25.3 kg gold jewellery, said the department on Sunday.
Incriminating evidence found during the searches resulted in the defaulters admitting to Rs 109 crore unaccounted income.
“As there are many issues on which evidence has been found but no admission made, the detection of concealed income will be a much higher figure,” said the I-T department’s investigation wing in a statement here. The four sandalwood super stars are Shivaraj Kumar, his younger brother Punneth Kumar, Sudeep and Yash. The three film producers are Rockline Venkatesh, C.R. Manohar and B.V. Kiragandhur.