The DVAC had found that the companies close to Velumani had attained growth at a skyrocketing pace while he was serving as the minister in the ADMK government.
Former ADMK Minister SP Velumani is now the target of the state-run corruption watchdog and the raids have come weeks a similar scale of searches conducted at the residence of MR Vijayabaskar.
Kandaswamy's appointment has become crucial in Stalin's overhaul drive as the veteran IPS Officer is popularly known for arresting current Union Home Minister Amit Shah, a decade ago.
Tamil Nadu Agricultural Production Commissioner and Principal Secretary to Government Gagandeep Singh Bedi IAS had revealed that as much as 110 crore rupees have been decepted under the scam.
'A BJP national spokesman who hails from Gujarat called me, Mathew Samuel is an American stooge after the Tehelka exposure on the defence corruptions in high level. The same person is the highly decorated Prime Minister currently'.
Former MP Ramachandran and his son Rajasekaran were sentenced to seven years of imprisonment each and the court had levied with a penalty of Rs 1.11 crore each.