Friday, Mar 14 2025 | Time 01:02 Hrs(IST)
States » SouthPosted at: Mar 13 2025 7:17PM


ED raids reveal over Rs 1,000 cr irregularities in TASMAC by distilleries, bottling firms, officials

Chennai, mar 13 (UNI) The 3-day intensive raids by the Directorate of Enforcement (ED) at premises of several private distilleries and state-owned TASMAC head office in the city and across Tamil Nadu, has revealed massive irregularities to the tune of over Rs 1,000 crores.
In a statement on here Thursday evening, the ED said the collusion between distilleries and bottling firms having indulged in fraudulent measures have come to light in this irregularities.
The raids also revealed a network where unaccounted cash was deliberately generated through
inflated and bogus expenses and subsequently utilized for purposes leading to huge profits.
It said ED has conducted search operations at various premises across many districts of Tamil Nadu from March six under the provisions of Prevention of Money Laundering Act (PMLA), 2002, for various offences related to Tamil Nadu State Marketing Corporation Limited (TASMAC) and its associated entities/persons.
The ED initiated investigation on the basis of multiple FIRs registered under various sections of Prevention of Corruption Act, 1988 related to various issues in the TASMAC.
These FIRs fall into the categories of TASMAC shops collecting excess amount than the actual
MRP; Distillery companies offering kickbacks to TASMAC officials for supply orders; involvement
of Senior officials of TASMAC in collection of bribes from the Retail TASMAC outlets and for transfer and posting of TASMAC Staff, etc.
During the search action in the offices of TASMAC, incriminating data related to Transfer postings,
Transport Tender, Bar Licence Tender, Indent orders favouring few distillery companies, excess
charge of Rs. 10-30 per bottle by the TASMAC outlets involving the officials of TASMAC etc., have been recovered.
Summarising the key findings of the raids, the ED said during the searches evidence of manipulation
in TASMAC's transport tender allocations has been found.
A glaring issue is the mismatch between the KYC details of the applicant and the Demand Draft (DD), suggesting that the final successful bidder did not even obtain the requisite DD before the application deadline.
Additionally, tenders were awarded despite having only a single applicant in the final bid and the TASMAC has paid over Rs. 100 crore annually to transporters.
In the allocation of bar license tenders by TASMAC, evidence related to the manipulation of tender conditions were found.
One such glaring issue is that the applicants without any GST/PAN numbers and without any proper KYC documentation, were allotted the final tenders.
MORE UNI GV 1910
Tags: #ED raids reveal over Rs 1#000 cr irregularities in TASMAC by distilleries# bottling firms# officials
More News

World Kidney Day: AINU launches free mobile kidney test campaign in Telangana

14 Mar 2025 | 12:03 AM

Hyderabad, Mar13 (UNI) On World Kidney Day, Asian Institute of Nephrology and Urology(AINU), India’s largest single specialty hospital network in Urology & Nephrology, on Thursday announced it has launched its free mobile kidney test campaign for the villages and districts across Telangana reaching out to around 10,000 people.

see more..
KTR condemns suspension of BRS MLA Jagadish Reddy, calls for state-wide protests

KTR condemns suspension of BRS MLA Jagadish Reddy, calls for state-wide protests

13 Mar 2025 | 11:56 PM

Hyderabad, Mar 13 (UNI) BRS Working President K Taraka Rama Rao (KTR) condemned the suspension of BRS MLA Jagadish Reddy from the Telangana Legislative Assembly, calling it baseless and cruel.

see more..
Spadex undocking success in very first attempt, mission accomplished : ISRO

Spadex undocking success in very first attempt, mission accomplished : ISRO

13 Mar 2025 | 11:32 PM

Chennai, Mar 13 (UNI) After the Spadex satellites were successfully docked on January, 16, 2025,
ISRO has now accomplished the pivotal operation of undocking of the satellites in the very first
attempt on Thursday and has successfully demonstrated space docking technology using two small
satellites, SDX01 Chaser, and SDX02, the Target, thereby successfully accomplishing the mission.

see more..

TTD Board chairman, Ministers inspect arrangements for Kalyanam

13 Mar 2025 | 11:31 PM

Vijayawada, Mar 13 (UNI) A few Ministers of Andhra Pradesh inspected the arrangements for Srinivasa Kalyanam to be held on March 15 at TTD-run Sri Venkateswara Temple under Andhra Pradesh Capital Region Development Authority (CRDA) on Thursday evening.

see more..
DMK govt rejecting, replacing Indian Rupee symbol is regional chauvinism, will weaken Indian unity, promote secessionism : Nirmala

DMK govt rejecting, replacing Indian Rupee symbol is regional chauvinism, will weaken Indian unity, promote secessionism : Nirmala

13 Mar 2025 | 11:25 PM

Chennai, Mar 13 (UNI) Joining issue with the ruling DMK on removing and replacing the Indian Rupee symbol with the Tamil letter "Ru" in its budget document to be presented tomorrow, Union Finance Minister Nirmala Sitharaman on Thursday night termed it as regional chauvinism and asserted that it's more than symbolism, signalling a dangerous mindset that would weaken Indian unity and promote secessionism.

see more..