KC Veeramani: 654% income jump; DVAC raids Tamil Nadu ex-minister KC Veeramani | Chennai News – Times of India

CHENNAI: The directorate of vigilance and anti-corruption (DVAC) on Thursday searched 35 places, including two locations in Bengaluru and six in Chennai, allegedly linked to former commercial taxes minister K C Veeramani in a disproportionate assets case. Business firms and residences of his relatives and close associates were also searched.
According to an FIR filed by the Vellore detachment of the DVAC on Wednesday, the former minister from Jolarpet in Tirupattur district has amassed Rs 28.78 crore worth assets from April 2016 to March 31, 2021 (DVAC’s check period) which was 654% more than his declared income. Some of the assets recorded as illegally acquired were registered on his mother’s name, the agency said. “Assets acquired by him and those in the name of his mother and dependents should not have exceeded Rs 1.83 crore during the said period,” the DVAC said. DVAC had used data declared by Veeramani in his election affidavits in 2016 and 2021 for arriving at the quantum of the disproportionate assets.
His assets at the start of the check period in April 2016 were valued at Rs 26 crore. In five years, value of his assets grew to Rs 56.6 crore. While income earned by Veeramani and his dependents for the period was Rs 4.39 crore, the expenditure was at Rs 2.56 crore, DVAC said, explaining the calculation for his disproportionate assets.
DVAC said Veeramani’s deceased father K K Chinnarasu was running a beedi company ‘KK Chinnarasu and Sons’ at Jolarpet and the ex-minister and his brothers, Alzhagiri and Kamaraj, were managing it. The family was also operating a tipper lorry transport business in the name of ‘Akalya transports’.
DVAC said the agency conducted searches at Chennai-based properties linked to Veeramani at Leith Castle North in Santhome, Sivananda Salai at Gill Nagar, Choolaimedu, Shanthi Colony, Anna Nagar, and on Murugankoil Street in Kolathur.
A case under prevention of corruption act and sections related to criminal misconduct has been registered against him.
According to DVAC, Rs 34.01 lakh in cash, Rs 1.8 lakh worth of US dollars, nine luxury cars including a Rolls Royce, five computer hard discs, 4.987 kg of gold jewellery, 47gm diamond jewels, 7.2kg of silver articles, bank passbooks, and property documents were found during the search. Cash, materials and documents relevant to the case were seized and 275 units of sand worth Rs 30 lakh was found on the residential premises of Veeramani, the DVAC said. Investigation is still on.


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