Indian State Ex-Minister Stacks Illegal Money in Crypto

Indian State Ex-Minister Stacks Illegal Money in Crypto

  • The Directorate of Vigilance and Anti-Corruption (DVAC) of India raided several states.
  • Ex-TamilNadu Minister belonging to the party AIADMK, house fully raided.
  • Upon raid, found money being stacked up in the form of cryptos.

Corruption is one thing that the counter of India still persists in fighting. Most of the politics involved in the country are corrupted. No offense.

Despite several measures being taken profusely, corruption persists. As a means to stop it, frequent raids are usually a common thing in India.

Accordingly, a team from the Directorate of Vigilance and Anti-Corruption (DVAC) raided an ex-state minister’s home.

The Raid

The team from DVAC raided more than 69 places around India, out of which all took place in 3 states of the south. These are Tamil Nadu, Karnataka, and Andhra Pradesh.

And so, upon this, the house of one of the Ex-state minister was raided. The minister going by the name Thangamani belongs to the AIADMK party, which is currently the opposition party to that of the ruling party in the state.

The Ex-Minister was in charge of the Electricity board department for the state at the time of the ruling.

Moreover, the Ex-minister has been in power for a decade from 2011 to 2021. Also, he’s considered one of the most powerful members of the AIADMK party.

The Findings

Accordingly, the raid took place at his residence in Namakkal district of Tamil Nadu state.

Moreover, after the raid, an FIR  was filed on Thangamani on charges of acquiring money by illegal sources and without any proof or documents.

Furthermore, findings include 2.37 crore of cash, and another 2.16 crore of cash, and also gold ornaments weighing about 1.13kh, and much more.

To everyone’s amazement, records of money being invested in cryptocurrency have also been found. In spite of this, all electronics such as laptops, mobile phones, and much more documents were confiscated.

Accordingly, the FIR stated that the ex-minister has accumulated numerous movable and immovable assets and registered them on his family members’ names, all during his 10 years of tenure.

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