ED Conducts Raids In Kerala And Tamil Nadu Over Money Laundering Case
ED Raids Locations Across Kerala and Tamil Nadu
November 4 (ANI): The Enforcement Directorate (ED) on Wednesday carried out searches at 11 places across Keralam and Tamil Nadu in connection with a money laundering case linked to R Premkumar, founding member and de facto CMD of Bharath Lajhna Multi State Co-operative Society and others. The search operation began early in the morning and is still underway at premises linked to the suspects in the case in Kerala and Chennai, Tamil Nadu. The federal agency's multiple teams carried out the search operation in close coordination with the state police forces.
Details of Financial Misconduct Allegations
The places being searched included the office and residential premises of R Premkumar, who is accused of allegedly misusing his influence to divert crores of rupees of the Bharath Lajhna Multi State Co-operative Society, collected from public depositors, to the accounts of his wife and relatives for personal use. Officials further alleged that Premkumar pledged the society's Ragam Theatre with Brios Finvest without the money reaching the society. The federal agency also accused Premkumar of acquiring about 500 acres of land at Kanchipuram in his wife's name. The agency's search operation is part of its ongoing investigation into the alleged financial irregularities case to unearth the trail of money and collect further evidence linked to it.
(Except for the headline, this story has not been edited by Asianetnews Editorial staff and is published from a syndicated feed.)
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment