Chennai: Enforcement Directorate (ED) has arrested 11 key persons involved in the Rs 45.05 crore Chennai Port Trust (ChPT) Term Deposit Money Laundering case. The ED initiated investigation based on the FIR registered by the CBI, ACB, Chennai.
The Enforcement Directorate on Wednesday arrested 11 persons, namely PV Sudalaimuthu, M Vijay Heralld, M Rajesh Singh, S Siyad, K Zakir Hussain, Suresh Kumar, Ganesh Natarajan, V Manimozhi and others in relation to Money Laundering case for defrauding Rs 45.054 crore belonging to Chennai Port Trust.
The probe found, it said, that the ‘suspected persons had submitted fake fixed deposit receipts in Chennai Port Trust. They had fraudulently liquidated the fixed deposits within a couple of days after the opening of the FD with the help of original FD receipts retained by them’.
The department had searched 15 premises across Tamilnadu in June 2021. During the investigation, the suspects were examined and it was found that the proceeds of the crime were invested in acquiring over 230 acres of land, several plots, vehicles, gold, and deposits. These were attached in December 2021 and February 2022, said an ED release.