CHENNAI: The Enforcement Directorate (ED) has provisionally attached fixed deposits and 25 movable and immovable properties – totally worth Rs 40 crore -- belonging to Olympus Granites Pvt Ltd and others under the Prevention of Money Laundering Act, 2002 in an illegal granite mining case. Former Union minister M K Alagiri’s son Dayanidhi Alagiri is one of the directors of the company.
The properties attached consisting of land and buildings in Madurai and Chennai.
The chargesheet discloses commission of various offences -- including offences under the Indian Penal Code, 1860 and Explosive Substances Act, 1908 -- by the accused consequent to the illegal granite mining indulged by the company and other accused.
In a statement, the ED The company, its shareholders/ promoters/ directors viz -- S Nagarajan and Dayanidhi Alagiri -- along with other accused had criminally conspired and indulged in illegal mining activities in the adjacent TAMIN (Tamil Nadu Minerals Limited)-leased land and thereby causing a wrongful loss to the government and corresponding wrongful gain to themselves.
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The properties attached consisting of land and buildings in Madurai and Chennai.
The case pertains to investigation under the Prevention of Money Laundering Act against Olympus Granites, Madurai, to identify the crime proceeds on the basis of an FIR and chargesheet filed by the Tamil Nadu police against the company, its promoters and directors and other individuals.
The chargesheet discloses commission of various offences -- including offences under the Indian Penal Code, 1860 and Explosive Substances Act, 1908 -- by the accused consequent to the illegal granite mining indulged by the company and other accused.
In a statement, the ED The company, its shareholders/ promoters/ directors viz -- S Nagarajan and Dayanidhi Alagiri -- along with other accused had criminally conspired and indulged in illegal mining activities in the adjacent TAMIN (Tamil Nadu Minerals Limited)-leased land and thereby causing a wrongful loss to the government and corresponding wrongful gain to themselves.
Making sense of 2019 #ElectionswithtimesView Full Coverage
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