TMC seeks clarification over the seized Rs. 570 crores

With the Reserve Bank of India (RBI) already clarifying that the Rs. 570 crore seized near Tirupur belonged the bank, members of the Tamil Manila Congress (TMC) have sought further clarification and have questioned the transportation of such a huge sum close to elections with the Model Code of Conduct in place.

Staging a demonstration in front of the State Bank premises near Railway Station, the members of the party also demanded that the Manager of the bank should provide the necessary documents.

Transportation of such huge amount money cannot happen close to weekends according to State Bank rules. Why was there such a huge transaction that too during the election period," questioned M. Yuvaraja, President of the District Youth Wing of TMC.

He also alleged that no proper information had been provided by the bank to the local police before transacting the money.

He further alleged that denominations did not adhere to bank norms and also added that containers were not necessary to transact Rs570 crore, as a single container would have been enough.

"We demand that the Manager clarifies the doubts of the people regarding the issue and a probe should be conducted on the issue," Yuvaraj said.

Hindu Makkal Katchi Announces Support for AIADMK Candidate S.P. Velumani in Thondamuthur

Following the rejection of Hindu Makkal Katchi independent candidate Surya's nomination in Thondamuthur constituency, st...

Flying Squad Seizes Rs 8.18 Crore Cash and Gold in Coimbatore District Raids

Flying Squad and Income Tax officials seized Rs 8.18 crore worth of cash and gold during intensive raids across 10 assem...

Intensive Vote Canvassing for Kavitha Kalyanasundaram in Karamadai under Mettupalayam Constituency

Under the leadership of Coimbatore North District DMK Secretary Thondamuthur Ravi, intensive election campaigning was co...

AIADMK Candidate Arunkumar Campaigns Among Tribal Communities in Anaikatti

AIADMK's Kavundampalayam constituency candidate P.R.G. Arunkumar conducted election campaigning among tribal communities...

Kadaiveethi Police Seize Methamphetamine, Arrest Three in Anti-Drug Operation

Coimbatore Kadaiveethi police arrested three persons during a routine patrol in Therku Ukkadam area for selling methamph...

Four-Wheeler Ban Imposed at Marudhamalai Temple for Tamil New Year

Coimbatore District Collector's office has announced a ban on four-wheelers to Marudhamalai Temple on Tamil New Year, Ap...