Tamil Nadu: ED searches locations linked to TVH Group, owned by DMK leader's kin

The Enforcement Directorate (ED) on Monday conducted searches at multiple locations linked to the TVH Group, owned by a DMK leader's kin, in Chennai, an ANI alert said.

The ED conducted raids at 13 locations in Tamil Nadu, including the minister’s house in Trichy.

Tamil Nadu-based True Value Homes (TVH) Builders, a realty firm, is owned by state's municipal administration minister and DMK strongman KN Nehru's family.

Sources said the raids were reportedly in connection with a ₹22 crore bank fraud case, which was registered based on a complaint by Indian Overseas Bank against Truedom EPC Limited. Minister Nehru’s brother N Ravichandran, who is also the founder of the TVH Group, is a director with Truedom EPC Limited.

Details of the ED operation are awaited.

ED raids Empuraan's producer's firm

The ED on April 4 conducted searches at the chit fund company premises of Kerala-based businessman Gokulam Gopalan, one of the producers of the movie 'L2: Empuraan', as part of an alleged ₹1,000-crore foreign exchange violation case, official sources said.

The searches were undertaken by the Kochi office of the agency at five premises in various states, including in Chennai (Tamil Nadu) and Kochi (Kerala), under the provisions of the Foreign Exchange Management Act (FEMA), a PTI report said.

The action was undertaken against Gopalan and his company Sree Gokulam Chit and Finance Co Ltd for alleged FEMA violations of ₹1,000 crore with certain NRIs and some related "unauthorised" transactions, the report added.

The searches were carried out at the company's office in Kodambakkam and Gopalan's farmhouse at Neelankarai in Chennai.

Raids in Jharkhand Ayushman Bharat 'fraud' case

The ED on April 4 conducted multi-state searches, including at the premises of the private secretary of former Jharkhand health minister Banna Gupta, as part of a money laundering probe into alleged irregularities in the Centre's Ayushman Bharat scheme, official sources told PTI.

The officials of the federal probe agency raided 21 locations in Jharkhand, Delhi and West Bengal under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.

Premises linked to Om Prakash Singh, Gupta, apart from that of "key suspects", including consultants and former executives of associated firms, were raided early morning. A security team of central paramilitary personnel accompanied the officials of the federal probe agency.

(With inputs from PTI)