Ed says

The Enforcement Authority (ED) said on Friday it found evidence of a deeply rooted and systematic corrupt network within the Tamil Nadu Municipal Government and the Ministry of Water Supply (MAWS).

Central agencies also claimed in a press release that there was evidence, including MP Arun Nehru and North Ravikandland (N.

Officials of ED conducted a search on April 7, 2002 in Chennai, Tirucci and Coinbai County, in accordance with the provisions of the Money Laundering Act (PMLA). M/S TrueDom EPC India P. India P.Epc India pvt Ltd. and its key personnel searched.

The agency has investigated the FIR registered by M/S Truedom EPC India Pvt Ltd. and others under the Central Bureau of Investigation for alleged bank fraud that abused loan funds, with Rs 300 crore all approved by Indian overseas banks.

The survey shows that the M/s Truedom EPC India Pvt Ltd (a Shell entity without wind energy experience) was created only under the guise of a 100.8 MW windmill project.

These funds are immediately routed through relevant shell entities that have no actual activity. After stratification, a large amount is transferred to M/s True Value Homes Pvt Ltd and M/S TVH Energy Resources Pvt Ltd to resolve existing liabilities.

The setup is designed to mask the transfer and no repayment is made until the loan is declared fraudulent. During the search period, documents, digital records and property documents were seized, indicating stratification and siphon of funds.

The results of the study show that the committee grants a pre-fixed committee to award bidding, manipulating the procurement process, and good connections between officials, middlemen and politically connected persons.

The survey also found a pattern of illegal funds that were stratified and stratified through interconnected entities, suggesting that there is a wider financial and administrative cartel operating across the entire Tate. The release said: “There are a large number of Hawala transactions that have been executed throughout the state to place illegal funds for intended purposes.

The version also added that ED also identified assets and properties obtained using proceeds of crime and is quantifying and attaching them in accordance with the provisions of the PMLA.