ED raids premises linked to Congress MLA in Karnataka
The Enforcement Directorate (ED) on Thursday carried out searches at multiple locations linked to Karnataka Congress MLA SN Subba Reddy in connection with a case filed under the Foreign Exchange Management Act (FEMA).
The agency conducted searches at five premises in Bengaluru, including Reddy’s residence. Sources said the investigation pertains to alleged undisclosed foreign assets held by Reddy and his family members.
Suspected foreign bank deposits and investments in vehicles and real estate in countries like Malaysia, Hong Kong and Germany are also being examined, they added.
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