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India Cements ED Raid: Chennai Headquarters Under Scrutiny

Enforcement Directorate Takes Aim at Political Figures and Business Leaders Nationwide

February 01, 2024: In a significant development, the Enforcement Directorate (ED) has conducted raids at the corporate office of India Cements, situated in the state capital city, Chennai. The company, one of India’s leading cement producers, is currently under the leadership of Board of Control for Cricket in India Chairman N. Srinivasan, who serves as its Managing Director and Vice Chairman.

The ED’s action follows a broader crackdown on corruption, with N. Srinivasan likely to face increased scrutiny. India Cements, the 9th largest cement company on the stock market, operates seven plants across Tamil Nadu, Andhra Pradesh, and Telangana. Notably, from 2008 to 2014, the company held the ownership rights of the popular IPL team, .

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