ED raids Tamil Nadu Minister K N Nehru’s premises in bank fraud probe

Raids linked to Rs.22 cr bank fraud case involving Truedom EPC Limited

The Enforcement Directorate (ED) conducted searches at multiple locations associated with Tamil Nadu’s Minister for Municipal Administration, Urban and Water Supply, K N Nehru, and his son, Arun Nehru, a Member of Parliament.

According to sources, the raids are part of an investigation into a Rs.22 crore bank fraud case. The complaint was filed by Indian Overseas Bank against Truedom EPC Limited. Notably, Minister Nehru’s brother, N Ravichandran, is a director in the firm.

Additional raids at True Value Homes linked to Nehru’s family

The ED also searched premises connected to the real estate firm True Value Homes (TVH), reportedly owned by N Ravichandran. Overall, 13 locations across Tamil Nadu were raided, including the minister’s residence in Trichy.

Raids follow action against Gokulam Chits in Chennai

These developments follow similar ED action in Chennai targeting Sree Gokulam Chits, a chit fund company run by A M Gopalan, also known as Gokulam Gopalan. He is among the producers of the Malayalam film Empuraan, which stirred controversy for its depiction of the Gujarat riots and right-wing groups.

Prithviraj Sukumaran issued an I-T notice over film earnings

In a related development, actor and director Prithviraj Sukumaran received an Income Tax notice seeking clarification about his earnings from three films released in 2022 — Jana Gana Mana, Gold, and Kaduva. He has been directed to respond by April 29.

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