ED registers money laundering case in drug trafficking racket allegedly involving ex DMK functionary

PTI, Mar 10, 2024, 6:34 PM IST

The Enforcement Directorate has registered a money laundering case to probe an international drugs trafficking racket that allegedly involves a former functionary of the DMK, official sources said Sunday.

The case has been filed by the federal agency under the provisions of the Prevention of Money Laundering Act (PMLA) taking cognisance of a bunch of FIRs, including the NCB case where 36-year-old Jaffer Sadiq was arrested on Saturday for his alleged involvement in smuggling about 3,500 kgs of pseudoephedrine with a street value of about Rs 2,000 crore.

The NCB said Sadiq’s links with Tamil and Hindi film financers, some “high profile” people and related to “political funding” were under its scanner.