Fraudster Sukesh Chandrasekhar, currently incarcerated in Delhi’s Tihar Jail due to a 2015 multi-crore scam, has reached out to Finance Minister Nirmala Sitharaman, reporting his foreign earnings amounting to Rs 22,410 crore for the financial year 2024-2025.
In the letter released via his attorney, Chandrasekhar stated he is prepared to pay Rs 7,640 crore in taxes on the declared earnings according to India’s tax system.
The conman has revealed information regarding his global business operations, LS Holdings International and Speed Gaming Corporation, which are incorporated in Nevada, USA, and the British Virgin Islands, respectively. These organizations, involved in both online and offline gaming and wagering, have been active since 2016 and reportedly reached a turnover of USD 2.70 billion in 2024, he stated.
He further asserted that these companies have ongoing operations in the US, Spain, the UK, Dubai, and Hong Kong. Furthermore, he indicated his readiness to settle all outstanding income tax recovery cases and appeals in India.
The notorious fraudster is charged with running a large-scale extortion scheme, in which he purportedly defrauded wealthy individuals of hundreds of crores of rupees.
Sukesh Chandrashekhar continues to be the main suspect in a ₹200 crore money laundering investigation conducted by the Enforcement Directorate (ED) and is confronting further allegations from the Economic Offence Wing of Delhi Police, along with several other agencies.
The ED case involves Sukesh supposedly scamming the spouses of ex-promoters of Ranbaxy, Shivinder Singh and Malvinder Singh, out of ₹200 crore. Sukesh and his spouse Leena Maria Paul, involved in a money laundering case filed by the Enforcement Directorate, had been previously detained by Delhi Police alongside others.
Sukesh was rumored to be dating actress Jacqueline Fernandez, a statement that the Sri Lankan Bollywood actress has consistently refuted.
