Rs 70 cr shares of ex-CM’s aide unearthed

The DVAC which conducted searches at the properties of ‘Salem’ R Elangovan, chairman of TN State Apex Cooperative Bank, and his son Praveen Kumar, unearthed investment worth Rs 70 crore in the share market.

migrator

Published:24th Oct, 2021 at 2:02 AM

Chennai

Investment in foreign shares is estimated to be Rs 45 crore, while shares in the domestic market have been estimated to be Rs 25 crore, said DVAC sleuths.

Elangovan’s assets at the beginning of the check period in 2014 were over Rs30 lakh and at the end of the check period in 2020 they went up to Rs 5.6 crore.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Rs 70 cr shares of ex-CM’s aide unearthed

The DVAC which conducted searches at the properties of ‘Salem’ R Elangovan, chairman of TN State Apex Cooperative Bank, and his son Praveen Kumar, unearthed investment worth Rs 70 crore in the share market.

Also Read

AI in the jungle: TN's command centre in Gudalur to manage human-wildlife conflict

Voters turn up to verify draft rolls at special camps; officials expect better response today

USSD dial, the emerging cyber fraud, warn TN cybercrime cops

BJP eyes repeating Bihar magic in TN

Bengaluru–Chennai Expressway project delayed by nearly 2 yrs: Centre tells Lok Sabha