CHENNAI: The anti corruption branch of CBI had registered a case against former Chennai Port Chairman Mr. K Suresh and his wife in 2009 had investigated and found out that the officer had connived with various contractors and traders and amassed wealth disproportionate to their known sources of income to the tune of Rs. 2.79 crore. The Enforcement Directorate said that corruption charges against Mr. Suresh had been proved beyond doubt. He had amassed wealth beyond his known sources of income during the period 2004-09, while holding important positions zonal manager of Food Corporation of India and also chairman of Chennai Port Trust. The CBI had raided the office and residences of Suresh and his wife and seized several incriminating documents that proved he had abused his position. The CBI filed two chargesheets and the court on completion of hearing had sentenced Suresh to two years RI after investigation. Mr. Suresh laundered the money earned through corruption with the help of Venkataraja, a real estate broker from Rajapalayam, and through various bank accounts operated by one S Jaganathan, proprietor of Landmark Promoters, Chennai, which constructed and promoted various residential complexes, a subsequent investigation by the ED revealed. ED found out that Mr. Suresh had used the accounts operated by Jaganathan to register a land in Kottivakkam in his wife’s name. He had also bought a benami property at Kodaikanal and also was accused of taking a sponsorship of Rs 12 lakh from a prominent Builder for his son’s BE admission at Anna University. Confirming the charges of money laundering by the said accused the Enforcement Directorate attached three immovable properties belonging to Suresh worth Rs 2.48 crore and also Rs 29 lakh available at the bank accounts. ]]>
