ED Raids 25 Premises in Tamil Nadu: Unveiling Money Laundering Nexus

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INVC NEWS
Chennai  : The Enforcement Directorate (ED) today conducted raids in various areas of Tamil Nadu in a money laundering case related to drugs smuggling. In this case, investigation is being conducted against former DMK leader Jafar Sadiq and others. ED conducted searches at 25 premises in Chennai, Madurai and Tiruchirappalli. The agency conducted the raid in collaboration with central paramilitary forces under Prevention of Money Laundering Act (PMLA) provisions. Former DMK leader Sadiq is also a Tamil film producer. During the raid, apart from Sadiq, the premises of Tamil film director Aamir and others were searched.

Only last month, the Narcotics Control Bureau had arrested 36-year-old Sadiq. He is accused of smuggling 3,500 kg of pseudoephedrine, whose market value is more than Rs 2,000 crore. ED had taken cognizance of the NCB case and other FIRs to register a money laundering case against Sadiq and others.

NCB said that Sadiq’s links with Tamil and Hindi film financiers, some high profile people and political funding were under the ambit of their investigation. Sadiq was expelled from DMK in February itself after his name cropped up in drugs smuggling.

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