Latest news with #SatishKrishnaSail
Hans India
19 hours ago
- Politics
- Hans India
ED raids Cong MLA, others in illegal iron ore export case
Karwar: Enforcement Directorate (ED) officials, supported by CISF personnel, conducted a raid on the residence of Congress MLA Satish Krishna Sail in Sadashivgad, Karwar, on Wednesday, August 13. It was part of a money laundering investigation linked to the illegal export of iron ore from Belekeri port in Ankola taluk. The operation, involving teams from Karnataka and Goa, extended to 15 locations across Karnataka, Goa, and Mumbai, targeting Sail and his associates. Sail, who represents the Karwar constituency in Uttara Kannada, was not present at his residence during the raid, as he was attending the Monsoon Assembly session in Bengaluru. The ED's probe centers on allegations that Sail, through his company Mallikarjuna Shipping Private Limited, illegally exported 7.23 lakh tonnes of iron ore between 2009 and 2010, causing a reported loss of ₹38 crore to the state exchequer, though the actual value of the ore is estimated to be worth hundreds of crores. The case originated from a 2010 Karnataka Lokayukta investigation led by former Justice N. Santosh Hegde, which uncovered the transport of approximately eight lakh tonnes of iron ore from Bellary to Belekeri port without adequate permits. In October 2024, a Special Court for MLAs and MPs in Bengaluru convicted Sail in six cases related to the corruption incident, sentencing him to seven years in prison and imposing a ₹44 crore fine. Sail appealed the verdict, and in November 2024, the Karnataka High Court, led by Justice M. Nagaprasanna, suspended the sentence and granted him bail upon payment of 25% of the fine. The ongoing ED raids, conducted under the Prevention of Money Laundering Act (PMLA), are scrutinizing financial transactions and property records tied to the illegal mining network. The raids have intensified scrutiny on Sail, a prominent figure in Karwar, and raised concerns about the persistence of illegal mining activities in Uttara Kannada. Local residents are closely watching developments, as the case underscores the region's long-standing issues with unregulated ore transport, which has caused significant environmental and economic damage.
New Indian Express
2 days ago
- Politics
- New Indian Express
ED raids Karnataka Congress MLA Satish Krishna Sail, others in illegal iron ore export case
BENGALURU: The Enforcement Directorate on Wednesday raided premises linked to Karnataka Congress MLA Satish Krishna Sail and some others as part of a money laundering investigation against the legislator in a case related to alleged illegal export of iron ore, official sources said. At least 15 premises in Karnataka, Goa and Mumbai are being searched under the Prevention of Money Laundering Act (PMLA), the sources said. Sail is a Congress MLA representing the Karwar assembly constituency in Uttara Kannada district. Sail, according to the sources, has been accused of exporting illegally mined iron ore which was seized by forest officials at Belekeri port in Karwar, Karnataka.
News18
2 days ago
- Politics
- News18
Iron ore export case linking Karnataka MLA Satish Sail: ED raids 15 places
New Delhi [India], August 13 (ANI): The Enforcement Directorate (ED) on Wednesday launched massive searches at 15 locations across Karnataka, Goa, and Mumbai in connection with a money laundering investigation involving Karnataka MLA Satish Krishna Sail and Sail, who represents the Karwar Assembly constituency in Uttara Kannada district, is accused of illegally exporting seized iron ore from Belekeri port in Karwar. According to officials, the consignment, originally impounded by forest officials, was illicitly shipped overseas, causing a loss of approximately Rs 38 crore to the state exchequer. Investigators believe the actual value of the illegally exported ore could run into hundreds of raids are part of ED's probe under the Prevention of Money Laundering Act (PMLA), stemming from earlier forest and mining department cases. The agency is scrutinising financial transactions, property records, and links to alleged accomplices in the illegal mining and export on Tuesday, the Enforcement Directorate (ED) searched nine premises across Uttar Pradesh, Rajasthan and Maharashtra in connection with a money laundering case against the Sahara group, the agency Kolkata zonal office conducted the searches at the premises of suspects located at Uttar Pradesh's Ghaziabad and Lucknow; Rajasthan's Ganganagar; and Maharashtra's Mumbai on August 11 under the Prevention of Money Laundering Act (PMLA), 2002.'Entities searched were related to various land and share transactions with entities of the Sahara group," said the ED in a initiated an investigation based on three First Information Reports (FIRs) registered under Sections 420 and 120B of the Indian Penal Code, 1860, against Humara India Credit Cooperative Society Ltd (HICCSL) and others by police in Odisha, Bihar, and 500 FIRs have been registered against various Sahara Group entities, with more than 300 involving scheduled offences under the PMLA, alleging large-scale cheating of depositors through forced redeposits and denial of maturity payments. (ANI)
News18
2 days ago
- Politics
- News18
ED Raids 15 Locations Linked To Karnataka Congress MLA Over Illegal Mining Case
ED raided premises linked to Karnataka Congress MLA Satish Krishna Sail in a money laundering probe. 15 locations in Karnataka, Goa, and Mumbai were searched. The Enforcement Directorate on Wednesday raided premises linked to Karnataka Congress MLA Satish Krishna Sail and some others as part of a money laundering investigation against the legislator in a case related to alleged illegal export of iron ore, official sources said. At least 15 premises in Karnataka, Goa and Mumbai are being searched under the Prevention of Money Laundering Act (PMLA), the sources said. Sail is a Congress MLA representing the Karwar assembly constituency in Uttara Kannada district. Sail, according to the sources, has been accused of exporting illegally mined iron ore which was seized by forest officials at Belekeri port in Karwar, Karnataka. This caused 'loss" to government exchequer for an amount of about Rs 38 crore but the actual value of illegally exported ore is worth hundreds of crores of rupees, the sources said. The case originated from a 2010 probe by the Karnataka Lokayukta, which discovered about eight lakh tons of illegally transported iron ore from Bellary to Belekeri port. The Karnataka High Court last year had ordered the suspension of the seven-year prison sentence of the MLA in this case. A special court had previously found Sail and others guilty in multiple cases related to the illegal export of iron ore from the Belekeri port. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
2 days ago
- Politics
- The Hindu
ED raids on Congress MLA in Karnataka in illegal iron ore export case
The Enforcement Directorate raided premises linked to Karnataka Congress MLA Satish Krishna Sail and some others on August 13 as part of a money laundering investigation against the legislator in a case related to alleged illegal export of iron ore, official sources said. At least 15 premises in Karnataka, Goa and Mumbai are being searched under the Prevention of Money Laundering Act (PMLA), the sources said. Sail is a Congress MLA representing the Karwar Assembly constituency in Uttara Kannada district. Sail, according to the sources, has been accused of exporting illegally mined iron ore, which was seized by Forest Department at Belekeri port in Karwar, Karnataka. While the value of illegally exported ore is in the hundreds of crores of rupees, the estimated 'loss' to the government exchequer is about Rs 38 crore, the sources said. The case originated from a 2010 probe by the Karnataka Lokayukta, which discovered that about 8 lakh tonnes of iron ore were illegally transported from Ballari to Belekeri port. A special court had found Sail and others guilty in multiple cases related to the illegal export of iron ore through the Belekeri port. In 2024, the High Court of Karnataka had ordered suspension of the seven-year prison sentence of the MLA in this case.
