The Enforcement Directorate (ED) has paid Rs. 908 crore fine. In connection with the money laundering case, in 2020, ED searched the MP’s house and other areas and recovered Rs. Assets worth 89.19 crores have been confiscated. Later there were complaints that educational institutions and industries owned by Jagadrakshakan did not pay taxes.
Last year, Income Tax Department officials conducted searches in those companies. In this background, under the Foreign Exchange Management Act, Jagadrakshakan received Rs. 908 crore fine has been imposed by the ED in its official ex-page.