New Delhi [India]: The Enforcement Directorate (ED) on Monday launched multiple raids across Chennai at premises associated with True Value Homes (TVH) Builders, as part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA).
The early morning searches, which continued through the day, mark a significant development in what officials describe as a broader probe into alleged financial irregularities. While the ED has yet to issue an official statement detailing the case under which the searches were conducted, sources indicate that the investigation is linked to suspected money laundering and undisclosed financial dealings.
Political Links Under Scrutiny
According to sources familiar with the matter, the ED is also examining alleged links between TVH Builders and Tamil Nadu Minister KN Nehru, a senior DMK leader. Although no direct charges have been filed against the minister, the searches suggest that investigators are exploring financial ties and transactions that may point to larger irregularities.
TVH Builders is a prominent name in Tamil Nadu’s real estate sector, and any alleged financial misdeeds involving such a firm could have wide-reaching implications both economically and politically.
The ED’s move comes amid a series of high-profile probes targeting alleged corruption and money laundering in southern India, especially involving politically connected businesses.
Awaiting Official Confirmation
At the time of filing this report, the Enforcement Directorate had not made an official public comment on the nature of the case or the findings from the raids. Further details are expected once the initial round of search operations concludes and seizure reports are compiled.