Congress MLA Satish Krishna Sail from Karnataka arrested in money laundering case. The arrested MLA faces allegations related to illegal iron ore exports. Further investigation and custody proceedings will continue.
Karnataka: Congress MLA Satish Krishna Sail from Karnataka has been arrested in a money laundering case. The Enforcement Directorate (ED) took significant action in this matter, taking the MLA into custody. This arrest could impact the image of the Congress in the state and escalate political activity.
The ED's office in Bengaluru stated that Satish Krishna Sail has been arrested in a money laundering case linked to alleged illegal iron ore exports. This case is part of an ongoing investigation against the MLA from the Karwar constituency in Karnataka.
MLA Satish Krishna Sail Arrested
According to sources, 59-year-old Satish Krishna Sail was taken into custody late Tuesday night at the ED office in Bengaluru after questioning. He was subsequently produced before a special court, from where he was sent to one-day ED custody. Officials stated that he will be produced in court again on Wednesday, where the agency will seek his further custody.
Prior to this action, investigations against MLAs have been ongoing in the state. Just last month, Chitradurga MLA C Veerendra 'Puppy' was arrested in a case related to alleged illegal betting and money laundering.
Initiation of ED Investigation
The ED's investigation began with a case registered by the Karnataka Lokayukta in 2010. This case involved the illegal transportation of approximately eight lakh tons of iron ore from Bellary to Belekeri port. The investigation revealed the involvement of several companies and entities.
The ED conducted raids on August 13 and 14 in Karwar, Goa, Mumbai, and Delhi. Companies involved in these raids included Ashapura Minechem, Shri Lal Mahal, Swastik Steels (Hospet), ILC Industries, and Shri Lakshmi Venkateswara Minerals.
Allegations Made
According to the ED, Satish Krishna Sail and other individuals participated in the illegal export of iron ore powder. The special court had issued a conviction order in this case. Mallikarjun Shipping Private Limited, identified as Sail's company, was also found guilty in this matter.
The ED stated that the action against the MLA and other accused is based on the special court's conviction order. However, the Karnataka High Court had ordered a stay on Satish Krishna Sail's seven-year jail sentence last year.
