The minister said that the financial condition has been depriving in finances unless reforms are pushed into the machinery to revive back and generate more revenue.
Senthil Balaji was directed to appear before the Enforcement Directorate on August 11 after he was booked by the economic intelligence agency under Money Laundering Act.
The searches that lasted nearly for 12 hours have come to an end with shocking revelations that had utterly shaken Velumai's citadel in the state and in the party.
Amid all these troubles, the party is also witnessing complaints being filed against the former ADMK Ministers by individuals with shocking allegations of cheating them.
DVAC has said that there were clear links between SP Velumani's family and KCP Engineers, which won several tenders of Chennai and Coimbatore Corporations, under the influence of Velumani.
In March 2021, the Chennai Crime Branch had filed a charge sheet in which it has thrown several allegations against the minister including indulging in corrupt practices in recruitment.
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.
