The Enforcement Directorate (ED) has attached immovable assets worth Rs 36.3 crore and Rs 34.7 lakh in bank accounts belonging to Udhayanidhi Stalin's trust. The action has been taken on the basis of allegations of illegal money laundering to the tune of Rs 1 crore.
Chennai: The Enforcement Directorate (ED) has attached immovable properties worth Rs 36.3 crore belonging to minister Udhayanidhi Stalin's trust and Rs 34.7 lakh in his bank account.
Lyca Productions, which operates in a commercial complex on Vijayaraghava Road in Thyagaraya Nagar, Chennai, has been accused of indulging in illegal money transactions.
On Tuesday last week, the Enforcement Directorate (ED) conducted searches at eight premises owned by the company.
Similarly, the ED also raided the office on Ethiraj College Road in Egmore, owned by babu, a trust executive and lawyer, in the name of Tamil Nadu minister and actor Udhayanidhi Stalin.
Some documents were reportedly seized during the raid.
Babu appeared in person at the Enforcement Directorate office in Nungambakkam on May 24 at the invitation of the Enforcement Directorate( ED).
He was interrogated for more than 2 hours.
The Enforcement Directorate (ED) has attached immovable properties worth Rs 36.3 crore belonging to Udhayanidhi Stalin Foundation and Rs 34.7 lakh in his bank account.
According to sources in the ED, the action was taken on a complaint that udhayanidhi Stalin's trust was involved in illegal money laundering to the tune of Rs 1 crore.
Lyca Productions, which operates in a commercial complex on Vijayaraghava Road in Thyagaraya Nagar, Chennai, has been accused of indulging in illegal money transactions.
On Tuesday last week, the Enforcement Directorate (ED) conducted searches at eight premises owned by the company.
Similarly, the ED also raided the office on Ethiraj College Road in Egmore, owned by babu, a trust executive and lawyer, in the name of Tamil Nadu minister and actor Udhayanidhi Stalin.
Some documents were reportedly seized during the raid.
Babu appeared in person at the Enforcement Directorate office in Nungambakkam on May 24 at the invitation of the Enforcement Directorate( ED).
He was interrogated for more than 2 hours.
The Enforcement Directorate (ED) has attached immovable properties worth Rs 36.3 crore belonging to Udhayanidhi Stalin Foundation and Rs 34.7 lakh in his bank account.
According to sources in the ED, the action was taken on a complaint that udhayanidhi Stalin's trust was involved in illegal money laundering to the tune of Rs 1 crore.