Madras HC orders CBI probe into alleged money laundering in procuring transformers
The Madras High Court has ordered a Central Bureau of Investigation (CBI) probe into alleged money laundering involving ₹397 crore in the procurement of transformers by Tangedco. The court directed the State Directorate of Vigilance and Anti-Corruption to transfer all related documents to the CBI for an expedited investigation. The allegations include rigged tenders and collusion among bidders, which reportedly led to inflated prices for the transformers.
- ▪The CBI probe was ordered following a public interest litigation filed by an anti-corruption NGO and an AIADMK member.
- ▪Tangedco is accused of rigging tenders worth ₹1,182.88 crore for 45,800 transformers, resulting in a loss of ₹397 crore to the state.
- ▪The petitioners highlighted that in several tenders, multiple companies quoted identical prices, suggesting collusion.
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| Original publisher | Hindustan Times — Top |
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| Publication time | Wed, 29 Apr 2026 11:49:19 +0530 |
| Retrieval time | 2026-04-29T06:50:31.875Z |
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Opening excerpt (first ~120 words) tap to expand
Madras HC orders CBI probe into alleged money laundering in procuring transformersThe bench directed the State Directorate of Vigilance and Anti-Corruption (DVAC) that had been probing the matter until now, to “hand over” all papers and records related to the case to CBIPublished on: Apr 29, 2026 11:49 AM ISTBy Ayesha ArvindShare viaCopy link The Madras High Court on Wednesday ordered a probe by the Central Bureau of Investigation (CBI) into allegations of ₹397 crore money laundering in the procurement of distribution transformers by the Tamil Nadu Generation and Distribution Corporation (Tangedco) between 2021 and 2023.The bench also said the CBI must conduct its probe “earnestly and expeditiously.” (Representative file photo)A bench of Chief Justice SA Dharmadhikari and Justice G Arul…
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