Chennai: Directorate of Vigilance and Anti-Corruption (DVAC), which recently conducted raids at places linked to former Transport Minister M R Vijayabaskar, has alleged that the AIADMK leader had bought eight properties worth nearly Rs 8 crore in Karur.
It said the properties were acquired in the name of two partnership firms — Rainbow Dryers and Rainbow Blue Metals.
According to the FIR, during the 2016-21 check period when Vijayabaskar held office, he ‘was in possession of pecuniary resources and properties’ in his name and that of his wife to the tune of Rs 2.68 crore, disproportionate to his known sources of income.
“The extent of disproportion is 55 per cent of the total income during the said check period,” it added.
The FIR further alleged it is reliably learnt that the former Minister acquired eight properties in the name of two partnership firms in which he and his wife are partners, “which clearly raised reasonable suspicion that the said assets are acquired by Vijayabhaskar in the name of the partnership firms in which he is a partner.”