Tamil Nadu Assembly Elections | I-T searches held at DMK Tiruvannamalai candidate Velu’s properties; ₹3.5 crore seized

Raid conducted at 10 locations belonging to DMK leader; ₹3.5 crore seized

March 26, 2021 01:07 am | Updated 03:33 am IST - Chennai

Raid on:  Searches being conducted at a property owned by DMK leader E.V. Velu in Chennai.

Raid on: Searches being conducted at a property owned by DMK leader E.V. Velu in Chennai.

The Income Tax (I-T) Department on Thursday conducted simultaneous searches at multiple properties belonging to senior DMK leader and former Minister for Food E.V. Velu.

The searches began even as DMK president M.K. Stalin was canvassing votes for Mr. Velu, who has been fielded in the Tiruvannamalai Assembly constituency.

According to I-T Department officials, searches were conducted at around 10 locations, including in Chennai and Tiruvannamalai, based on an input that the Department received.

‘Tip-off received’

“We got a tip-off regarding cash movement,” a source from the Department said. By evening, the officials had seized ₹3.5 crore in unaccounted-for cash. “The searches are still on,” another official said, adding that more details would be made available only when the searches concluded.

The I-T Department had deployed its teams across the State to monitor cash movement after the announcement of the Assembly election dates.

“There were several searches [election-related] that happened in the last few weeks in Tamil Nadu. Seizures were made in around 35-40 cases. The total amount seized till date is ₹65 crore,” a source said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.