ED Attaches Congress Leader’s Assets Valued at Rs 15 Crore
The Enforcement directorate, Chennai, on Monday said it has attached properties worth over Rs 15 crore belonging to Congress party worker ‘Good Luck’ Rajendran under provisions of Prevention of Money Laundering Act.
The Enforcement Directorate (ED) in Chennai has attached several immovable assets linked to an alleged illegal foreign remittance case involving S. Rajendran, also known as “Good Luck” Rajendran. The attached properties include a flat in Chennai, two agricultural lands, three residential buildings, a marriage hall, and five residential plots located in and around Thiruvadanai in Ramanathapuram district.
The case stems from a CBI investigation against Rajendran, his brother Naganathan, and Chockalingam. According to investigators, the accused allegedly facilitated overseas remittances totaling approximately US $1.97 crore through a company called Star Forex India. Authorities claim that a full-fledged money changer license was obtained for the company using fraudulent documentation.
The ED alleges that Rajendran generated substantial commissions through the unlawful remittance operation and subsequently acquired multiple properties. Investigators further claim that several of these assets were transferred to his wife through gift deeds and later used as collateral to secure bank loans.
Following an extensive investigation, the ED concluded that the properties were connected to money laundering activities and attached them under the provisions of the Prevention of Money Laundering Act (PMLA).
The case gained additional attention in February of the previous year when officials from the Directorate of Revenue Intelligence (DRI) arrested Rajendran in Chennai after seizing 12 kilograms of allegedly smuggled gold, valued at approximately Rs 3.5 crore, from a vehicle on the Pudukkottai–Tiruchy highway. Following his arrest in the gold smuggling case, the Tamil Nadu Congress Committee removed him from his party position.
