A Chennai based CBI special court on Wednesday (Mar 14) sentenced Mani Anbazhagan, son of late DMK Minister and party strongman Ko.Si. Mani, to seven years’ rigorous imprisonment and slapped a fine of ₹1 crore on him in connection with a money laundering case registered by Enforcement Directorate (ED) under Prevention of Money Laundering Act-2002, The New Indian Express reported.
XIV Additional Sessions Court Judge Vasanthi held Mani guilty for offences under PMLA and passed the sentence. Mani Anbazhagan was sent to Puzhal Central Prison on Wednesday.
Mani Anbazhagan’s conviction was in a case related to outward remittance of foreign exchange to the tune of Rs 78 crore by eight current account holders by submitting forged bills of entry to the Indian Bank branch at Thousand Lights.
During its probe, the ED established that foreign exchange of about ₹ 78 crore was remitted abroad by eight shell entities on production of alleged forged bills of entry without any physical imports. Anbazhagan is said to have emerged as single point contact to carry out the fraudulent money laundering activity.
Mani Anbazhagan was arrested in August 2017. The case was tried before the special court for CBI and ED cases.
Mani Anbazhagan is the son of Ko. Si Mani, the late DMK strongman and close lieutenant of former DMK chief M. Karunanidhi. A four term MLA from the temple town of Kumbakonam, Ko.Si Mani served as a Minister in various DMK Cabinets and held the crucial portfolios of Agriculture, Local Administration and Cooperation. He died in 2016.
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