Chennai: more than 21kg of gold and 280kg of silver articles, 10 luxury cars and some property documents are among valuables excavated by alerting officials from the place owned by R Eldanggovan, 57, the Chairperson of the Apex Cooperative Bank of Tamil Nadu State, and His son E Pravenkumar, 27, in a coordinated attack was carried out throughout the state on Friday.
The Directorate of Precautions and Anti-Corruption (DVAC) conducts a raid simultaneously in 36 places – three places in Chennai, 23 in Salem, three in Namakkal, six in Musir and one place in Coimbatore – belonging to the Father and Child.
According to DVAC FIR, Elangovan, who was considered a close colleague of the former Main Minister Edappadi K Palaniswami, and his son had invested a large number of disadvantaged wealth in universities and institutions carried out by Swamy Ayyappan Educational Trial in Musiring.
Pravenkumar is the deputy chairman of trust.
Edappadi K Palaniswami, who condemned the attack, said Elangovan was Secretary of Salem Suburban Amma Peravai and DVAC’s hard action was a political vendetta.
During the raid, Rs 29.8 lakh and property documents are confiscated, and the agency identifies 10 luxury cars, two Volvo buses, three hard discs, 21.2 kg of gold jewelry, 282.4 kg silver equipment, book passes and property documents during search.
“Alleged that the defendant had obtained more assets and save it on behalf of Benamis in various places in and around Tamil Nadu and outside,” said FIR.
Elangovan has a luxury house in his original place, he said.
Elangovan was chosen as President Salem District Comment Co-operative Bank and Chair of the APEX TN Nate Cooperative Bank in 2013 and was re-elected in 2018, because he was classified as a civil servant.
DVAC officials also searched for Indrani Kaliya’s residence in Lalapettai in Karur District on Friday.
Indrani is said to be a member of the Elangovan family.
One of the DVAC official teams searched the Elangovan auditor’s house in Salem City.
DVAC FIR assets say worth Rs 3.78 Crore, disproportionate with the source of elangovan and pravenkumar income which is known to have been identified at this time.
It accumulated during the six-year examination period from April 1, 2014 to March 31, 2020, it was 131% of their total income during the period, DVAC said.