The Madras High Court has dismissed a petition seeking an Enforcement Directorate (ED) investigation into seizures of over ₹4 crores from train passengers and the DMK office in Tamil Nadu. The court ruled that the offenses under which the police registered the case did not fall under the Prevention of Money Laundering Act (PMLA), which limits the ED’s jurisdiction. The judges stated that a detailed order explaining the reasons for dismissal will be released later.
TDP supremo N. Chandrababu Naidu’s son Nara Lokesh has declared his family assets worth nearly ₹542.7 crore. Lokesh is contesting the assembly election from the Mangalagiri segment in Andhra Pradesh. He had declared ₹373.63 crore as his family assets in the 2019 assembly polls.
Lokesh holds over one crore shares of Heritage Foods Ltd, floated by his family, worth ₹339.11 crore. His wife, Nara Brahmani, is currently the Executive Director of Heritage Foods. According to the affidavit, Lokesh holds ₹314.68 crore worth of movable assets and ₹92.31 crore worth of immovable assets, while his wife has ₹45.06 crore and ₹35.59 crore assets, respectively.
Elections for the 175-member Assembly and 25 Lok Sabha seats in Andhra Pradesh are scheduled to be held on May 13.
