I-T sleuths search top Tamil actor Vijay's residence
Chennai, Feb 5: Income Tax sleuths on Wednesday raided top Tamil film actor Vijay's residence here besides conducting simultaneous searches at several premises linked to a film production house, movie financier and distributors in connection with suspected tax evasion.
The searches, which began in as many as 38 locations in Tamil Nadu, were still on and unaccounted cash of about Rs 25 crore was seized from the premises of a Tamil film financier who had faced allegations of intimidation and arm-twisting to recover money, official sources told PTI.
Also, several documents indicating substantial tax evasion has been seized, sources added.
Vijay, who was away in Cuddalore district for a film shoot, was apprised by authorities about the searches and he was en route to his residence here, they said.
So far nothing has been recovered from the actor's house and the inmates were cooperating with authorities in conducting the searches, sources said.
Raids were also on in the premises of the production house that had made Vijay's hugely successful recent Tamil movie 'Bigil.'
Further details are expected after completion of searches which is likely to continue tomorrow.
The State police has been providing security for carrying out the searches.
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US renews sanctions waiver for purchase of Russian oil
Washington (PTI): The United States has extended by a month a waiver from sanctions to allow countries to buy petroleum products from Russia, days after it ruled out renewal of the special measure.
The US Department of Treasury issued an order late Friday extending the waiver from sanctions on Russian oil that is already at sea on or before April 17 through May 16.
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11.
The general licence issued by the US on Friday does not authorise any transaction involving a person, entity or joint venture located in Iran, North Korea, Cuba, or parts of Ukraine.
On Wednesday, Treasury Secretary Scott Bessent said Washington would not be renewing the waiver for Russian oil and another for Iranian oil.
The previous waiver of sanctions had made available 140 million barrels of Russian oil already loaded on ships to global markets as prices soared against the backdrop of the US war with Iran.
"Effective April 17, 2026, General License No. 134A, which was dated March 19, 2026 and expired on April 11, 2026, is replaced and superseded in its entirety by this General License No. 134B," said the order issued by the Department of Treasury.
