New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at four locations in Vellore, Tamil Nadu, at the premises related to DMK General Secretary and Water Resources Minister Duraimurugan and the other accused.
The case is related to the alleged violations of the Reserve Bank of India (RBI) guidelines and cheating by bank officials facilitating the exchange of ₹200 notes with ₹500 & ₹1000 notes.
The ED launched an investigation into the case on the basis of alleged violation of the RBI guidelines.
This alleged malpractice reportedly enabled certain individuals to bypass the restrictions imposed by the government during demonetisation which was aimed to curb black money and counterfeit currency. The raids were carried out at four locations in the Vellore district of Tamil Nadu connected to Duraimurugan as well as other co-accused in the case.
