The Madras High Court has ruled that the Enforcement Directorate (ED) can continue its investigation into the Tamil Nadu State Marketing Corporation (TASMAC), the state’s liquor seller. The court dismissed requests from the Tamil Nadu government and TASMAC that asked for the ED’s recent raids to be declared illegal. The ED conducted searches at TASMAC’s main office in Chennai between… Continue reading "Madras High Court upholds ED raids at Tasmac"
In a temporary relief to TASMAC, the Madras High Court on Thursday directed the Enforcement Directorate (ED) not to proceed further pursuant to its searches at the state-run liquor retailer’s headquarters in the city recently. While giving an oral direction to ED in this connection, the HC also directed the central agency to produce copies of FIR and Enforcement Case… Continue reading "TASMAC issue: Madras High Court directs ED not to proceed further"
After the Enforcement Directorate’s (ED) searches in Tasmac outlets found out alleged irregularities of Rs 1,000 crore, Electricity and Prohibition Minister V Senthil Balaji said on Friday the government is prepared to face the issue legally. After the budget session, the minister clarified the ED claims to have conducted its investigation based on multiple FIRs related to overpricing at Tasmac… Continue reading "‘ED has ulterior motives’: Senthilbalaji denies financial irregularities in TASMAC"
Tamil Nadu’s state-owned TASMAC liquor outlets registered liquor sales worth Rs. 430 crore over two days, with an average daily sale of around Rs. 150 crore. This figure typically spikes on weekends and public holidays, especially around major festivals like Diwali. Ahead of Diwali, celebrated the day before yesterday, many customers bought large quantities of alcohol to enjoy gatherings with… Continue reading "TASMAC registers liquor sales worth Rs 430 crore"
Fulfilling the announcement made in the Assembly, the State Minister V Senthilbalaji on Monday said that the announcement of closure of the 500 Tasmac retail outlets will come in a week. He also said that CCTV cameras will be fixed at all liqour outlets in the state. Speaking to the press persons in the Secretariat, the minister said that the… Continue reading "Announcement of closure of the 500 Tasmac retail outlets will come in a week: Senthil Balaji"
Liquor sales in Tamil Nadu crossed Rs 700 crore during the last three days starting from Saturday. Sources from Tamil Nadu State Marketing Corporation (Tasmac), the monopoly agency in selling liquor in the State stated that the exact revenue during the last three days starting from Saturday till Monday was Rs 708.29 crore. A senior official from Tasmac also added… Continue reading "Liquor sales in TN crosses Rs 700 crore this Deepavali"