ED seizes ₹1.68 cr in cash in case linked to K’taka Congress MLA
In a significant development, the Enforcement Directorate (ED) has conducted search operations across four states, seizing substantial assets as part of an ongoing investigation into a massive illegal iron ore export case involving Karnataka Congress MLA Satish Krishna Sail. The MLA represents the Karwar Assembly seat.
According to the ED, during the searches, they seized a staggering ₹1.68 crore in cash and gold weighing 6.75 kgs. The search operations were conducted in Karnataka, Maharashtra, Goa, and Gujarat, covering multiple locations.
The ED’s investigation is linked to the illegal export of iron ore from Karnataka’s Bellary district, which has been a contentious issue in the state for several years. It is alleged that Sail, along with other accused, had been involved in the illegal export of iron ore, resulting in significant financial losses to the government and environmental degradation.
The ED’s move comes as part of its efforts to crack down on illegal activities and corruption in the iron ore trade. The agency has been investigating the case since 2017 and has already arrested several individuals, including Sail’s associates.
The search operations, which began on Friday, were conducted at the residences and offices of the accused, as well as at various other locations. The ED officials seized a large quantity of cash, gold, and other assets, which will be further scrutinized to determine their connection to the illegal iron ore export case.
The ED’s action has sent shockwaves through the political circles in Karnataka, with many speculating about the implications for Sail’s political career. Sail, who has been a vocal critic of the government’s policies, has been facing allegations of corruption and financial irregularities for some time now.
The illegal iron ore export case has been a major controversy in Karnataka, with allegations of large-scale corruption and environmental degradation. The case has also raised questions about the role of politicians and bureaucrats in facilitating illegal activities.
The ED’s investigation is expected to further complicate matters for Sail, who has already been facing a criminal case related to the illegal export of iron ore. The MLA has denied any wrongdoing and has claimed that he is being targeted by political opponents.
The ED’s move is seen as a significant blow to Sail’s reputation and a major setback for his political career. The agency’s action has also sent a strong message to other politicians and business leaders who may be involved in illegal activities.
In conclusion, the ED’s seizure of ₹1.68 crore in cash and gold in the case linked to Karnataka Congress MLA Satish Krishna Sail is a significant development in the ongoing investigation into the illegal iron ore export case. The ED’s action is a major blow to Sail’s reputation and a significant setback for his political career. The agency’s move sends a strong message to other politicians and business leaders who may be involved in illegal activities.
