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The Enforcement Directorate (ED) on Saturday said that they have attached immovable properties worth Rs 36.3 crore and seized Rs 34.7 lakh lying in the bank account of Udayanidhi Stalin Foundation in Tamil Nadu. The firm is accused of receiving ...
It is important to note that the foundation is associated with Udhayanidhi Stalin, the son of Tamil Nadu Chief Minister M.K. Stalin, who also serves as the Sports Minister.
The probe, being conducted under various sections of the Prevention of Money Laundering Act, is against the Kallal Group and the UK-based Lyca group and its Indian companies Lyca Productions and Lyca Hotels, it said.
The ED initiated PMLA investigations based on an FIR registered by Central Crime Branch-I, Chennai against the foundation.
The probe, being conducted under various sections of the Prevention of Money Laundering Act (PMLA), is against the Kallal Group and the UK-based Lyca group and its Indian companies Lyca Productions and Lyca Hotels, the ED said.