ED Searches Tamil Nadu Locations Linked to DMK Minister K.N. Nehru, His MP Son
Chennai: The Enforcement Directorate has taken cognisance of an alleged bank fraud case and initiated money laundering investigations against the firm True Value Homes and its directors.
The ED is searching nearly 13 locations in Tamil Nadu, most of which are linked to family members of state minister K.N. Nehru.
TRUEDOM EPC INDIA Private Limited – a 15-year-old company with a registered office in Chennai – is accused of defrauding the Indian Overseas Bank of Rs 22 crore. The Central Bureau of Investigation had registered a case against the company and its directors in 2021.
Taking cognisance of this FIR, the ED has initiated a money laundering investigation now.
Sources say that transactions between TRUEDOM EPC and True Value Homes and one Ravichandran are under investigation. Ravichandran and True Value Homes were guarantors of TRUEDOM EPC with the Indian Overseas Bank.
The sources also say that TRUEDOM EPC gave a loan of Rs 13 crore to another firm, Ecodomm Power Private Limited. This amount was written off in the books of TRUEDOM EPC.
Ecodomm Power Private Limited is headed by Arun Nehru, a Lok Sabha member of the Dravida Munnetra Kazhagam party. He is the son of minister K.N. Nehru.
This is the second ED case involving DMK ministers in Tamil Nadu since March 2025.
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