ED uncovers ₹1,000 crore fraud in Tamil Nadu TASMAC

The Enforcement Directorate (ED) reported on March 14 that it uncovered evidence of financial fraud involving the Tamil Nadu State Marketing Corporation Limited (TASMAC) during raids on March 6. The investigation revealed unaccounted cash deals worth ₹1,000 crore linked to distillery companies and TASMAC officials. The ED found that distillery companies communicated directly with TASMAC officials to secure favorable orders and inflate prices by ₹10-30 per bottle. Evidence also indicated manipulation in tender processes and bribes exchanged for supply orders and staff postings. The investigation identified a network of collusion between distilleries and bottling companies, which inflated expenses and fabricated purchases to generate unaccounted cash. Further investigations are ongoing to assess the involvement of TASMAC employees and associated entities.