 "Enforcement directorate")
The Directorate of Enforcement (ED) has issued seizure orders against DMK MP Gautham Sigamani, of Rs 8.6 crore. Sigamani is the second DMK MP after S Jagathrakshakan to have his assets seized for FEMA violations.
In a statement, ED said the seizure order for Rs 8.6 crore is equivalent to the value of illegally acquired foreign security and non-repatriation of foreign exchange earned abroad contravening Foreign Exchange Management Act, 1999 (FEMA).
Sigamani is the son of senior DMK leader and former state minister K Ponmudy and was elected to Lok Sabha from Kallakurichi seat.
ED's investigation revealed that in March 2008, Sigamani invested
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