Chennai: Special courts for cases under the prevention of corruption laws have ordered the attachment of permanent deposit receipts (FDR) worth more than 110 crores, belonging to the former Minister of SM Velumani.
The order was passed after DVAC told the court that money that was not occupied by KCP Infra Limited and Aalam Gold and Diamonds (P) Limited was invested in deposits in the bank and needed that these accounts were frozen to avoid liquidation of funds.
held in a bank account before completing the investigation in this case.
“This remaining deposit was made only after 2017.
It was allegedly part of the crime, which was allegedly carried out by former ministers and colleagues in the administration and implementation of contracts in Chennai and Coimbatore Corporations,” DVAC said.
Considering shipment, special judges J Oomprakash issued a temporary attachment order from deposits remained and directed that the notification was issued for the company concerned.
DVAC recorded a case and conducted a search in the residence of Velumani and his colleagues on August 10 and 11 last year based on complaints from Arappor Iakkam, an anti-corruption NGO, and others.
They alleged that the former Minister of Administration had extended a massive favorite by misusing his official position in the provision of construction and supply of goods and services working in Greater Chennai Corporation and Coimbatore Municipal Corporation to his close relatives.
Furthermore, DVAC confiscated the same documents, FDR and freezes.
Then, the KCP director filed a petition to mendreeze FDR, but was dismissed by the court in December last year.
After this, DVAC approached the government to ratify the investigation body to move the court to the attachment of property in accordance with the preventive requirements of the Corruption Act.
On January 1, 2022, the government’s order (left) passed to approve DVAC to move the court.
DVAC, in his request before the court stated that during the supervision of a bank account, deposits up to ₹ 109 crore noted in the name of KCP Infra and ₹ 1.
8 Crore on behalf of Aalam Gold and Diamonds.