The Enforcement Directorate on Monday arrested Mohammed Saleem, brother of ousted DMK official Jaffer Sadiq, in reference to a cash laundering case. He was remanded to judicial custody by a neighborhood court docket.
Salim was detained underneath the provisions of the Prevention of Cash Laundering Act (PMLA), 2002, for his involvement in cash laundering actions in reference to the Jaffer Sadiq case.
The motion follows an investigation by the Narcotics Management Bureau. It uncovered former DMK functionary Jaffer Sadiq Abdul Rehman because the mastermind behind a classy scheme to smuggle pseudoephedrine into Australia disguised as well being powder and desiccated coconut , New Zealand and Malaysia.
The case additionally attracts on earlier seizures by customs authorities, together with pseudoephedrine seized by Chennai Customs in 2015 and ketamine seized by Mumbai Customs in 2018.
An Enforcement Case Info Report (ECIR) was subsequently filed and complete searches had been carried out at 15 areas in Tamil Nadu underneath Part 17 of the PMLA.
The ED’s investigation revealed that Salim performed a key position in exporting and concealing pseudoephedrine and different narcotics.
Salim was a accomplice in a number of corporations and entities, which he used to launder and layer the proceeds of crime.
Investigations revealed that Salim had collected unlawful money deposits of over Rs 8 crore in varied accounts underneath his management. Additional evaluation revealed that he was concerned in a cash laundering technique that included utilizing monetary intermediaries and fictitious unsecured loans to disguise the origin of the money.
Salim not solely helped convert drug proceeds into beneficial actual property, but in addition invested in high-end property reminiscent of luxurious automobiles.
The distinction between his collected wealth and his declared revenue underscores the size of his involvement on this legal community.
Additional investigation is ongoing.
Salim, a Viduthalai Chiruthaigal Katchi (VCK) occasion employee, was expelled from the occasion after allegations surfaced about his position within the medication case.
