ED raids former DMK leader, seizes assets worth Rs 55 crore including luxurious bungalow, expensive car

-Was a partner in many firms, organizations, companies along with relatives
New Delhi. ED raid on former DMK leader Jaffer Sadiq: ED has taken major action against the former DMK leader. The investigating agency has seized his property worth 55 crores including a luxurious bungalow, hotel, expensive car. ED has seized the property of former DMK official Jaffer Sadiq and his associates. The seized property includes Residency Hotel, luxury bungalow, 7 expensive cars like Jaguar, Mercedes. ED alleges that this property was acquired illegally.

ED has seized assets worth Rs 55.30 crore of Sadiq (ED raid on former DMK leader Jaffer Sadiq) and his associates. This action has been taken after investigation of smuggling of pseudoephedrine, ketamine in an international drug racket. ED raided 15 places in Tamil Nadu on the basis of investigation by NCB Customs Department. It was revealed that the owner of this property is Jaffer Sadiq. ED investigation found that Jaffer Sadiq along with his brother Mohammed Salim and others were involved in the export and smuggling of pseudoephedrine and other narcotics.

According to ED, both these brothers were partners in several firms, organizations, companies along with other associates and relatives. This was used to use the proceeds of crime (ED raid on former DMK leader Jaffer Sadiq). This entire system was used to bring the money obtained from illegal drug trafficking into circulation. For this, Jaffer Sadiq was arrested by ED on 26 June 2024. Then on August 12, his brother Mohammad Salim was arrested by ED.

Where was the black money earned from smuggling used?
ED investigation revealed that Jaffer Sadiq (ED raid on former DMK leader Jaffer Sadiq) and his associates had invested the illegally earned black money from the drug business in several businesses including real estate, film production, hospitality and logistics. A network was created through bank accounts and this money was used. Money was also transferred to the accounts of Sadiq and his family. Investigation revealed that the money was deposited illegally.

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