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The Enforcement Directorate has attached immovable properties worth over ₹106 crore belonging to an individual PK Selvaraj and three firms in granite business on allegation of selling illegally mined granite, according to an official press release.
The ED had registered cases under the Prevention of Money Laundering Act, 2002, and investigations had indicated that Selvaraj and his family members, who operated three firms — Sindhu Granites, Sree Laxmi Granites and Sree Murugan Enterprises — had illegally mined granite blocks. The income had been used to acquire 48 properties valued at ₹106 crore and these had been attached. The release said the total value of properties attached following investigation into various businesses and individuals on allegation of money laundering, in what is called the “granite mining scam of Madurai”, is about ₹678 crore.
This includes ₹528 crore belonging to PRP Group and ₹43 crore belonging to MS Granites and Sri Aiswarya Rock Export. Further investigations are on.
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