Pudukkottai: A functionary of Tamilaga Vettri Kazhagam has been arrested in connection with an alleged financial fraud case worth around ₹25 crore in Pudukkottai district, police said on Monday.
According to preliminary information from investigating officials, the accused was taken into custody following complaints alleging large-scale financial irregularities involving multiple individuals and transactions spread across different locations in Tamil Nadu. The case is being probed by local police, who are examining documents, bank transactions, and digital records linked to the alleged scam.
Authorities said the complaint was filed after discrepancies were noticed in financial dealings connected to investment promises and fund collection from several individuals. The accused is alleged to have played a key role in coordinating and managing the transactions under investigation.
Police sources confirmed that the arrested individual is associated with Tamilaga Vettri Kazhagam, a relatively new political outfit in the state. However, officials have clarified that the investigation is focused on financial allegations and not on political activities.
Following the arrest, the accused was produced before a local court and remanded to judicial custody as further investigation continues. Officials said interrogation is underway to trace the flow of money and identify possible accomplices involved in the alleged fraud network.
Preliminary findings suggest that the case may involve multiple victims who were allegedly promised high returns on investments. Investigators are also probing whether the funds were diverted through shell accounts or informal financial channels.
Police have stated that additional arrests cannot be ruled out as the investigation expands. Financial experts and forensic auditors may also be brought in to analyse the extent of the alleged fraud, which is estimated to be around ₹25 crore.
The incident has triggered discussions in local political circles, given the accused’s association with a political organisation. However, party representatives have not issued an official detailed statement at the time of reporting.
Authorities have urged the public to come forward if they have any information or if they believe they were affected by similar financial dealings linked to the case.
The investigation remains in its early stages, and officials have assured that strict legal action will be taken based on evidence collected during the probe. Further updates are expected as the case progresses in the coming days.
