In Letter To FM Sitharaman, Conman Sukesh Declares Overseas Income, Offers To Pay Rs 7,640 Cr Tax
Sukesh said his overseas businesses in the US and British Virgin Islands have generated a turnover of $2.70 billion in 2024 and said he was ready to settle income tax proceedings against him.
Conman Sukesh Chandrashekar, who was arrested in connection with a multi-crore fraud case in 2015, has appealed to Union Finance Minister Nirmala Sitharaman to declare his overseas income for the year 2024-2025 under the appropriate scheme issued by the Government of India.
In a letter to Sitharaman, Sukesh revealed that his overseas businesses, LS Holdings International and Speed Gaming Corporation registered in Nevada, USA and the British Virgin Islands, respectively, are involved in online/offline gaming and betting. These businesses have been operational since 2016 and have generated a turnover of $2.70 billion in 2024.
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The letter also states that the business operations are active in the United States, Spain, the UK, Dubai and Hong Kong. Sukesh also said he is ready to settle all income tax recovery proceedings and due appeals pending against him in India.
He wrote that he is willing to pay a whopping Rs 7,640 crores in taxes on his overseas income for the year 2024 and that he would also like to invest the said income, here in India, in the field of tech and advanced online skill gaming businesses.
Sukesh, a notorious conman, is accused of orchestrating a massive extortion racket, where he allegedly swindled hundreds of crores of rupees from wealthy individuals, including high-profile personalities and business figures, under various pretences.
Apart from being the prime accused in the 200 crore money laundering case that is currently being investigated by the Enforcement Directorate, he is also wanted in other cases being probed by Delhi Police’s Economic Offence Wing and other agencies.
The ED case pertains to Sukesh allegedly duping the spouses of former promoters of Ranbaxy — Shivinder Singh and Malvinder Singh — of Rs 200 crore. Sukesh and his wife Leena Maria Paul, facing proceedings in a money laundering case registered by the Enforcement Directorate, were earlier arrested by Delhi Police, along with others.
Sukesh was also rumoured to be in a relationship with actress Jacqueline Fernandez. While the actress has repeatedly denied any kind of romantic relationship with Sukesh, she is an accused in the case and has also been questioned by the ED multiple times.
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