Enforcement Directorate launches searches in TN

The Enforcement Directorate today launched searches in undisclosed locations in the city and Madurai in connection with alleged money laundering following the demonetisation exercise.
"Searches are on in Chennai and Madurai," an official told PTI.
The official said among other things, the searches were being carried out to unearth alleged money laundering and violations of related laws especially following the demonetisation exercise last year.
The searches were being conducted in tandem with similar searches elsewhere in the country including locations like Hyderabad, the officail said declining to give further details.
The ED had on April 1 conducted country-wide searches at 110 locations as part of its major crackdown on 500 shell companies suspected to be generating huge amounts of black money. It has later arrested two persons as part of its crackdown.