The Control Directorate (ED) said Friday that he had found evidence of a system of systemic corruption and with deep boats within the municipal supply and water supply department (MAWS) or Tamil Nadu.
In a statement, the central agency also claimed to have found evidence of the participation of key individuals, including deputy Arun Nehru and N. Ravichandan (family members or minister KN Nehru) to orchestrate the diversion of funds.
ED officials had searches in Chennai, Tuchi and Coimbatore on April 7, 2025, under the provisions of the Money Laundering Prevention Law (PMLA), 2002. Fifteen premises associated with m/s TREEDOM EPC India PVT. And its key staff was recorded.
The agency had initiated an investigation based on a signed registered by the Central Office of Research against M/S Trudom EPC India PVT Ltd. and others for alleged bank fraud that implies the improper appropriation of loan funds with a value of 30 million rupees sanctioned by the Indian Bank of Foreigners.
The probe revealed that M/S Trudom EPC India PVT LTD-A Shell Entity without experience in wind energy was created only to divert loan funds under the appearance of a 100.8 MW wind mill project, the statement added.
The funds were immediately enrupted through associated Shell entities without real activity. After the placement, substantial amounts were transferred to m/s Value Homes Pvt Ltd and m/s TVH Energy Resources PVT LTD to solve existing liabilities.
The configuration was designed to mask the detour and no reimbursement effort was made before the loan was declared fraudulent. They seized the doors of searches, incriminatory documents, digital records and property documents, indicating the layers and the dismissal of funds.
The findings revealed preferred commissions to grant tenders, manipulated acquisition processes and a well -organized link of officials, medical and linked policies.
The investigation also discovered a pattern of illegitimate funds in layers and deviated through interconnected entities, suggesting the existence of a broader financial and administrative operation throughout the Tate. “A large number of Hawala transactions throughout the state have been executed to place illegitimate funds for planned purposes. The evidence of bribes for the transfer/publication of officials of the department of Mows have also found,” said the statement.
The ED has also identified assets and properties acquired using Proceds of Crime, and is quantifying and attached thesis under provisions of the PMLA, the statement added.
Published – April 12, 2025 12:10 am isth