Raids on AIADMK Minister in Money Laundering Probe
The Enforcement Directorate conducted searches against former AIADMK minister Vaithiyalingam and others in connection with a money laundering case. The raids, taking place in four Tamil Nadu cities, relate to alleged financial misconduct during Vaithiyalingam's tenure as a minister, involving unauthorized funds in company accounts.
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- India
In a significant development, the Enforcement Directorate on Wednesday undertook extensive raids against former AIADMK minister Vaithiyalingam and a few others, official sources confirmed.
The searches are being conducted across four cities in Tamil Nadu, including the capital Chennai, under the stringent guidelines of the Prevention of Money Laundering Act (PMLA).
This investigation targets alleged quid pro quo activities linked to the Chennai Metropolitan Development Authority, reportedly occurring during Vaithiyalingam's time as the state's housing development minister, with accusations of illicit funds funneling through unsecured loans in company bank accounts.
(With inputs from agencies.)
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