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K C Palanisamy (born 7 December 1959) is an Indian politician, former Member of Parliament (MP) and Member of Legislative Assembly (MLA) Tamil Nadu (TN). A former member of All India Anna Dravida Munnetra Kazhagam (AIADMK), he served the Dravidian party founded by former Chief Minister (CM) of Tamil Nadu, late Dr. M G Ramachandran (MGR) on 17 October 1972.

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It has been reported that seven foreign wristwatches have been seized from the house of DMK MP Jagadratsakan’s daughter, and 2000 rupee notes have been seized. Income tax raids in places related to Jagatrakshagan are stretching like octopus arms, as cash has been seized even from the mortuary of Savita Hospital.

Following a complaint against him and his family regarding illegal money transfers in 2020, enforcement department officials raided his house and the places belonging to him. Also, the Enforcement Directorate had frozen assets worth Rs 89.19 crore belonging to him on charges related to illegal investments abroad.

Jagatrakshagan was accused of tax evasion by not filing proper accounts. In this regard, the officials of the Investigation Division of the Income Tax Department have been conducting raids since last Friday in more than 50 places related to him.

An intensive search was conducted at various places, like the houses of relatives, offices, the medical college hospital owned by him in Puducherry, breweries in Kanchipuram, and the houses of employees working there.

It has been reported that two black bags were seized from the house of Jagatrakshagan, and the black bags contained foreign currencies worth several crores.

Foreign watches have been seized from the house of Jagatrakshagan’s daughter. According to sources in the Income Tax Department, the value of these could be Rs 2.45 crore. Similarly, it has been reported that 2000 rupee notes have been seized from the house of Jagadratsakan’s daughter, and similarly, 2000 rupee notes have been seized from the mortuary of Savita Hospital.

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