The Enforcement Directorate(ED) conducted searches at multiple locations connected with Tamil Nadu Minister for Municipal Administration, Urban and Water Supply KN Nehru and his son, Lok Sabha member Arun Nehru. The raids were reportedly in connection with a Rs 22 crore bank fraud case, which was registered based on a complaint by Indian Overseas Bank against Truedom EPC Limited. Minister Nehru’s brother N Ravichandran is a director with Truedom EPC Limited.
The ED raids come on the heels of similar raids in Chennai on Friday against AM Gopalan’s chit fund company Sree Gokulam Chits. AM Gopalan, also known as Gokulam Gopalan, is one of the producers of Empuraan, a Malayalam film that created a stir at its release because of how it showed the Gujarat riots and the part played by right-wing Hindu groups. Empuraan’s director and actor Prithviraj Sukumaran received a notice from the Income-Tax department to explain his earnings from three films that came out in 2022: Jana Gana Mana, Gold and Kaduva. He was given time until April 29 to respond to the notice.
For the unversed, True Value Homes (TVH) Builders, established in 1997 and headquartered in Chennai, is one of South India’s prominent real estate development firms. With a reputation for innovation, timely delivery, and high construction standards, the company has delivered numerous residential and commercial projects across Tamil Nadu and beyond. Known for its upscale designs and modern infrastructure, TVH has over 12 million sq. ft. of ongoing and upcoming developments in its portfolio.
