Udhayanidhi Stalin’s ₹7.36 crore Red Giant investment missing in 2026 election affidavit: IT Department to Madras HC
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Summary
The Income Tax Department has told the Madras High Court that an investment of ₹7.36 crore in Red Giant Movies disclosed by Udhayanidhi Stalin in 2021 is missing from his 2026 election affidavit.At the same time, the 2026 affidavit shows an investment of ₹2.63 crore in the same company in the name of his spouse, which was not disclosed earlier, the Department said. In a counter-affidavit, the Department pointed to inconsistencies across election affidavits and financial records. It said that no
Key Facts
Type Policy
Source Bar and Bench
Published Tuesday, 21 April 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right
Amendment History
1 change recorded for this policy.
Description Wednesday, 22 April 2026 via hindustan_times
In a “preliminary report”, the I-T Department said the missing disclosure relates to an investment in film production company Red Giant Movies.