Actor-turned politician Sarathkumar on Wednesday lashed out at Vishal and his supporters and denied all allegations against him.
He also threatened to reveal secrets about Vishal and his supporters in 10 days if they continued to make “false allegations," a report in the Times of India adds.
Vishal's team had earlier launched a campaign against Sarathkumar's administration, after a case filed in the high court over a lease agreement.
Sathyam Cinemas was to build a commercial complex on the 19-ground plot in T Nagar and maintain it during the lease period of 29 years and 11 months. However, the court stayed the lease agreement after observing inconsistencies in the deal.
Sarathkumar, who is also the ruling South Indian Artistes' Association president asserted that the agreement he signed with Sathyam Cinemas to lease out the association's land was to generate funds for the welfare of drama artists.
Also denying allegations that the Nadigar Sangam was being run without paying tax for five years, Sarathkumar produced a letter from his auditor stating that the financial details of the association for the past five years had been filed with the Registrar of Societies, Tamil Nadu.
"As far as filing Income Tax returns are concerned, since the association does not have income as mentioned above, for the past five years, and is not registered under Section 12(a) of the Income Tax Act from the date of its formation, it is decided not to file income tax returns based on section 139(1) of the Income Tax Act, which says that if associations do not have profit, you do not have to pay tax and file returns. This is my reply to that allegation," The New Indian Express quoted him as saying.