The Income Tax department seized a total of Rs 29 crores including Rs 22 crore in cash and incriminating documents from the premises linked to Tamil Nadu Public Works and Highways Department Minister EV Velu and his Associates, reported ANI, citing sources. The development comes at a time when searches are still underway for the fifth day at the residence of TN Public Works Department Minister EV Velu and other places belonging to him in Tiruvannamalai.
According to ANI, sources said, "Income Tax department has seized a total of Rs 29 crores, including Rs 22 crore in cash and incriminating documents, from the premises linked to Tamil Nadu Public Works and Highways Department Minister EV Velu and his Associates."
"The searches are still underway at the offices of two leading builders in Chennai. Search underway at Appaswamy Real Estate and Casagrand Builder Pvt Ltd, resulting in seizure of Rs 7 crore," it said.
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On Friday, Income Tax department started searches at Minister Velu's son's residence in Tiruvannamalai and his Arunai Medical College and Hospital for alleged tax evasion in Tiruvannamalai.
EV Velu's son Kamban serves as the Director of Arunai Medical College and Hospital in Tiruvannamalai.
A financier Suresh is also reportedly under the Income Tax scanner.
In October, I-T searches were conducted in over 40 places linked to DMK MP S Jagathrakshakan in Chennai and Arakonam. Earlier, the Enforcement Directorate conducted a search in places related to Minister Senthil Balaji across Tamil Nadu.