Sukesh Chandrashekar, a conman arrested in 2015 for a major fraud case, has reached out to Union Finance Minister Nirmala Sitharaman. He is asking her to include his declared overseas income of ₹7,640 crore for the year 2024 under a government tax scheme.
In a letter to the finance minister, Sukesh explained that his businesses, LS Holdings International and Speed Gaming Corporation, are registered in Nevada and the British Virgin Islands. These companies are involved in online and offline gaming and betting. He mentioned that his business operations are active in several countries, including the United States, Spain, the UK, Dubai, and Hong Kong.
Sukesh also stated that he is willing to settle all pending income tax recovery cases and appeals in India. He expressed his admiration for Prime Minister Modi and said he wants to contribute to India’s development by paying taxes on his overseas income and investing it in the country.
In his letter, Sukesh wrote, “As a proud Indian, under the great leadership of our Prime Minister Modi Ji, I want to contribute to the world-class development of this great nation. I am declaring my legitimate overseas income of ₹7,640 crore for 2024 and want to pay the appropriate taxes according to Indian tax laws immediately.”
Sukesh emphasized that he is currently an undertrial and has not been convicted of any crime. He insisted that his income, including his overseas earnings, is legitimate and that the tax department has already started proceedings regarding his Indian income.
He stated, “I am facing multiple financial cases in India and am in judicial custody. It’s important to mention that I am an undertrial and have not been convicted. Therefore, it would be wrong to say that any of my income is illegal. The tax department has initiated recovery proceedings on my Indian income, proving that my earnings are legitimate.”
Sukesh Chandrashekar’s appeal highlights his desire to comply with tax laws while he navigates his legal challenges in India.
