The Enforcement Directorate (ED) has announced that it raided 10 premises in Chennai related to officials of the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) on 24 April.
It added that fixed deposits worth Rs 360 crore in the accounts of South India Corporation were seized along with incriminating documents and digital evidence.
The announcement comes even as Income Tax raids continue on G-Square, a real estate firm allegedly linked to the ruling Dravida Munnetra Kazhagam's (DMK) first family.
After the commencement of the raids, the firm issued a statement denying any links with the first family.
Both the raids come after the presentation of the DMK Files by Bharatiya Janata Party (BJP) state president K Annamalai in which he alleged that the top leadership of the DMK had amassed huge wealth through corrupt means.
S Rajesh is Staff Writer at Swarajya.
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