Tamil Nadu Minister Duraimurugan's Residence Raided by ED

The Enforcement Directorate (ED) searched the residence of DMK general secretary and Tamil Nadu Water Resources Minister Duraimurugan on Friday.

According to officials, this action pertains to an alleged money laundering case involving suspected breaches of Reserve Bank of India (RBI) guidelines and fraud by bank officials during the demonetisation period.

In Tamil Nadu, searches have been conducted since morning at four locations associated with Duraimurugan and other suspects in the Vellore district. The investigation pertains to the suspected breach of RBI regulations and fraud by bank employees, who are accused of unlawfully exchanging Rs 200 notes for Rs 500 and Rs 1,000 notes.

The case originates from the purported breach of RBI regulations. The Enforcement Directorate's raids at locations linked to DMK General Secretary and Tamil Nadu Water Resources Minister Duraimurugan are intended to reveal the extent of the purported violations and identify those involved in the scheme.

On November 8, 2016, the government declared the demonetization of Rs 1,000 and Rs 500 currency notes with multiple aims, such as eradicating black money, eliminating counterfeit Indian currency notes (FICN), disrupting funding for terrorism and Left-Wing Extremism, and transitioning informal currency into the formal economy to broaden the tax base and increase employment.