ED Conducts Fresh Raids In Tamil Nadu Over Rs 1,000 Cr TASMAC Money Laundering Probe

TASMAC, which holds a monopoly over liquor sales in Tamil Nadu, has been under the ED’s scanner since March, when the agency carried out its initial round of raids.

TASMAC, which holds a monopoly over liquor sales in Tamil Nadu, has been under the ED’s scanner since March, when the agency carried out its initial round of raids.

Source : https://enforcementdirectorate.gov.in/

The Enforcement Directorate (ED) on Friday launched a fresh round of searches across Tamil Nadu in connection with its ongoing investigation into alleged money laundering linked to the Tamil Nadu State Marketing Corporation (TASMAC).

Officials confirmed that approximately 10 locations connected to TASMAC officials and agents are being raided under provisions of the Prevention of Money Laundering Act (PMLA), as per a report on PTI. The searches are reportedly aimed at uncovering further evidence of financial irregularities in the state-run liquor distribution system.

TASMAC, which holds a monopoly over liquor sales in Tamil Nadu, has been under the ED’s scanner since March, when the agency carried out its initial round of raids. At that time, investigators alleged serious discrepancies in TASMAC’s operations, including manipulated tender procedures and unaccounted cash flows amounting to nearly Rs 1,000 crore through associated distilleries.

The ED suspects a broader network involving illicit financial dealings, with today's searches focused on unearthing supporting documents, digital records, and financial trails related to the alleged scam.