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The Enforcement Directorate (ED) has initiated raids against AIADMK leader and former Tamil Nadu minister C Vijayabaskar, alongside a Chennai-based real estate group, as part of separate money laundering investigations, official sources reported on Thursday.
According to sources, about 25 premises are under scrutiny by the central agency in connection with these two cases. Vijayabaskar, a prominent AIADMK figure hailing from Pudukottai in Tamil Nadu, faces the brunt of the investigation, stemming from a state vigilance (DVAC) inquiry conducted in 2022. This investigation revolves around allegations of possession of disproportionate assets.
Simultaneously, premises associated with the real estate group Gsquare and its affiliated entities in and around Chennai city are also undergoing searches. These searches are part of an investigation being conducted under the provisions of the Prevention of Money Laundering Act (PMLA), as per official sources.
