The Enforcement Directorate on Friday launched simultaneous searches on the premises of three promoters of prominent real estate firms in Chennai in connection with an alleged money laundering offence, sources in the agency said.
The case arises out of a FIR registered by the Directorate of Vigilance and Anti-Corruption on January 31, 2024, against T. Udayakumar, managing director, M/s Landmark Housing Projects Limited, Sunil Khetpalia and Maneesh Parmar, both directors of M/s. KLP Projects Private Limited, unknown officials and MPs, MLAs etc.
The DVAC case relies on the statement of Mr. Udayakumar before the Income Tax authorities wherein he revealed that cash payments to the tune of Rs. 50 crore was paid to various persons, including MPs, MLAs Corporation Councillors officials of some Government departments and others to get their help during execution of his proposed construction of multi-storied apartments at Binny Mill Campus on the Perambur Barracks Road in Chennai during 2015-17.
