CHENNAI: A resident of Chepauk-Triplicane Assembly constituency has moved Madras high court seeking a probe by the income tax department and Union ministry of corporate affairs into the alleged material discrepancies in the assets declared by Tamil Nadu deputy chief minister Udhayanidhi Stalin. He alleged that there are discrepancies in the assets declared by Udhayanidhi during the 2021 election and for the upcoming 2026 election to the state assembly.The plea moved by R Kumaravel is listed for hearing before the first bench headed by Chief Justice Sushrut Arvind Dharmadhikari on Wednesday.According to the petitioner, a comparative analysis of the election affidavits filed by Udhayanidhi during 2021 and 2026 would reveal disappearance of previously declared assets, unexplained variation in loans, mischaracterization of financial transactions, and contradictions between affidavit disclosures and corporate filings.“He declared to have invested ₹7.36 crore in Red Giant Movies in 2021, but such investment was completely absent in his 2026 affidavit. Instead, the latest affidavit claims that his spouse invested ₹2.63 crore in the company,” he said.Such disappearance of a high-value asset, coupled with its partial reappearance in a different name at a significantly reduced value, constitutes a classic case of suppression of assets and raises serious questions regarding beneficial ownership, routing of funds, and concealment of material particulars, he added.
