CHENNAI: The Enforcement Directorate today attached assets worth Rs 48 crore of the chairman of an educational trust in connection with a money laundering probe against him.
The central probe agency issued a provisional order attaching agricultural lands in Thiruttani, residential plots in Sriperumbudur and a land in Guduvancheri in Tamil Nadu, in the name of the chairman–T D Naidu, who allegedly duped aspiring medical students in lieu of admissions.
Naidu is the Chairman of the Thiruvallur-based Deen Dayal Medical and Educational Trust, which also runs a medical college.
He was arrested by the Enforcement Directorate (ED) in 2015 under provisions of the Prevention of Money Laundering Act (PMLA). The agency is also investigating Naidu in a bank fraud case.
“In a case of bank fraud of about Rs 136 crore and cheating of students to the tune of Rs 16 crore, ED has further attached properties of about Rs 48 crore of Naidu, Chairman of the Deen Dayal Medical and Educational Trust, Thiruvallur under the provisions of the PMLA,” the agency said in a statement. (AGENCIES)
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