The Enforcement Directorate which conducted searches at multiple locations across Tamil Nadu early this week in the ongoing probe against alleged drugs smugglers AR Jaffer Sadiq and his associates has found evidence suggesting that cash was routed through specific financiers before it was invested in movie production, the hospitality industry etc.
After registering a case under the provisions of the Prevention of Money Laundering Act, investigators conducted searches at different locations in Chennai, Madurai, and Tiruchi on April 9.
The operation was necessitated following the investigations launched by the Narcotics Control Bureau and the Customs Department against Jaffar Sadiq and others on serious charges of international trade of narcotic substances.
