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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.
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Tags: #ED raids reveal over Rs 1#000 cr irregularities in TASMAC by distilleries# bottling firms# officials
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