Sukesh Offers To Pay Rs 7,640 Crore Tax

Sukesh Chandrashekhar, the main accused in the Rs 200 crore money laundering case, has written to Finance Minister Nirmala Sitharaman seeking permission to declare his 2024-2025 foreign income. He expressed a desire to pay Rs 7,640 crore in Indian taxes and invest in the country’s tech and online skill gaming sector.

Sukesh disclosed that his two foreign companies, LS Holdings International (US) and Speed Gaming Corporation (British Virgin Islands), earned Rs 2,214 crore in 2024 through gaming and betting operations across the US, UK, Spain, Dubai, and Hong Kong.

Currently under investigation by the Enforcement Directorate (ED) for fraud and extortion, Sukesh’s case also involves celebrities like Jacqueline Fernandez and Nora Fatehi. While agencies question his intentions, it remains unclear how the government will respond to his tax proposal.