ED ties Jaffer Sadiq firm to Tamil Nadu textbook corporation contractor
New Indian ExpressCHENNAI: One of the 21 businesses of Jaffer Sadiq, in which the alleged proceeds of the international drug trafficking operations were infused, supplied geometry boxes and school bags to a contractor of the Tamil Nadu Text Book Corporation, the Enforcement Directorate’s probe has found. Sources said that Coalescence Ventures, a partnership firm of Sadiq established in December 2020 with his business partner S Ramesh, procured goods from Matrix, a Noida-based company and sold it to Sri Appu Direct, a Cuddalore-based contractor of TN Textbook Corporation. While Appu Direct is not arraigned as an accused, a follow-up probe by ED has found evidence of the firm’s officials paying bribes to top officials of the Tamil Nadu and Puducherry governments. This circular trading of goods from Matrix to Coalescence to Green Cosmic Infra to Sri Appu Direct has been deemed as a modus operandi to launder the alleged proceeds of crime, sources said quoting the ED’s probe.
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