ED issues Rs 8.6 cr seizure order against DMK MP for FEMA breach

Gautham Sigamani is the second DMK MP after S Jagathrakshakan to have his assets seized for FEMA violations

The Directorate of Enforcement (ED) has issued seizure orders against DMK MP Gautham Sigamani, of Rs 8.6 crore. Sigamani is the second DMK MP after S Jagathrakshakan to have his assets seized for FEMA violations.

In a statement, ED said the seizure order for Rs 8.6 crore is equivalent to the value of illegally acquired foreign security and non-repatriation of foreign exchange earned abroad contravening Foreign Exchange Management Act, 1999 (FEMA).

Sigamani is the son of senior DMK leader and former state minister K Ponmudy and was elected to Lok Sabha from Kallakurichi seat.

ED's investigation revealed that in March 2008, Sigamani invested