Conman Sukesh Declares Overseas Income In Letter To FM Sitharaman, Offers To Pay Rs 7,640 Cr Tax

In a letter to Union finance minister Nirmala Sitharaman, conman Sukesh Chandrashekhar has appealed to include his overseas income of Rs 7,640 crore for the financial year 2024-2025 under the government tax scheme. He also expressed his admiration for Prime Minister Narendra Modi, adding that he has a true vision for the growth of the country.

Chandrashekhar, who was arrested in 2015 for involvement in a multi-crore financial scam, stated that his overseas businesses are involved in online/offline gaming and betting, and he desired to invest the profit in multiple sectors of India. Providing details, he revealed that several of his ventures, including LS Holdings International and Speed Gaming Corporation, registered in Nevada, USA, and the British Virgin Islands, respectively, are involved in the unethical practices, generating huge amounts of money.

He further informed that these companies have been operational since 2016 and pointed out that they have generated a turnover of a whopping $2.70 billion in 2024. Sukesh informed that his ventures are active in the United States, Spain, the UK, Dubai, and Hong Kong. He further stated that he was ready to settle all the pending income tax recovery proceedings and also the appeals in India. Sukesh emphasised that he wanted to contribute to the growth of the nation and praised Prime Minister Narendra Modi for his efforts.

“As of today, being a proud Indian, under the great leadership of our Prime Minister Modi Ji, I want to contribute my part towards the world-class development of this great nation. Henceforth, by willingly paying Indian taxes on my overseas income, and further investing my overseas income here in India. Hereby to start I am hereby declaring my legitimate overseas income of Rs. 7,640 Crores for the year 2024 and wanting to pay the appropriate taxes in accordance to Indian Tax laws on immediate basis,” Sukesh stated in his letter.

He also reminded that he is under trial and has not been convicted yet. He stated that his income is legitimate and the tax department has initiated proceedings on his Indian income.