TN: ED raids Tasmac MD’s residence, 11 other locations in Rs1,000-Cr liquor ‘scam’
The residence of film producer Akash is also being searched
The Enforcement Directorate (ED) is conducting fresh searches across 12 locations in Tamil Nadu in connection with the TASMAC-linked money laundering case.
The Federal has learnt that raids are underway at the residence of S Visakan IAS, the Managing Director of Tasmac department, and at the residence of film producer Akash.
Raids at 12 locations
The raids are being conducted in around 12 locations linked to TASMAC officials and agents under the Prevention of Money Laundering Act (PMLA), they said.
TASMAC is a state government body that has monopoly over liquor trade in the state.
The federal probe agency had conducted the first set of raids in this case in March.
It had then said that alleged irregularities in the operations of TASMAC were found including "manipulation" in the tender processes and "unaccounted" cash transactions of Rs 1,000 crore through distillery companies.