Chennai, Feb 4 (FN Agency) The Enforcement Directorate (ED), Chennai, on Tuesday seized immovable properties, collectively valued at about Rs.1,000 crore and freezed Fixed Deposit Receipts (FDRs) and Mutual Funds amounting to Rs 912 crore belonging to RKMPPL under PMLA.
In a social media post, the ED said it has conducted search operations at three locations in Chennai, targeting premises linked to Ms Andal Arumugam, S. Arumugam and others as part of the ongoing investigation into M/s RKM Powergen Private Limited (RKMPPL) under the provisions of Prevention of Money Laundering Act (PMLA), 2002. During the search operations, various incriminating documents, digital devices and documents related to immovable properties, collectively valued at approximately Rs.1,000 crore were seized and FDRs and Mutual Funds amounting to Rs 912 crore were also freezed.