Arakkonam constituency DMK MP Jagathrakshakan and his family have been accused of money laundering. Enforcement officials raided Jagathrakshakan’s house and other properties owned by him.
Following this, enforcement officials yesterday they have frozen the assets belonging to Jagathrakshakan and his family in a case of investment in Singapore outside the rules of the Reserve Bank. Jagathrakshakan and his family have bought assets worth Rs 89 crore and 19 lakh in Singapore.
Enforcement has the power to freeze assets of equivalent value in India. Accordingly, the Enforcement Department has frozen assets worth Rs 89 crore and Rs 19 lakh belonging to the Jagathrakshakan family in Tamil Nadu.
This freeze includes agricultural lands, houses, houses, and their bank accounts in Tamil Nadu.