ED seizes Rs 1.41 crore from Karnataka Congress MLA’s house, 6.7 kg gold from family lockers

The Enforcement Directorate on Friday said it has seized Rs 1.41 crore in cash from the house of Karnataka Congress MLA Satish Krishna Sail, apart from gold jewellery and bullion of 6.75 kg from the bank lockers of his family, as part of a money-laundering investigation.

The case pertains to the alleged illegal export of iron ore by a company allegedly linked to the 59-year-old legislator.

Sail is an MLA from Karwar in Uttara Kannada district. He could not be contacted for comment.

The federal probe agency had conducted searches in the case on August 13-14 in Karwar, Goa, Mumbai and Delhi.

Other entities that were searched under the provisions of the Prevention of Money Laundering Act are companies like Ashapura Minechem, Shree Lal Mahal, Swastik Steels (Hosepet), ILC Industries, and Sri Lakshmi Venkateshwara Minerals, according to the ED.

All these entities, including Sail, were convicted by the special court for MPs and MLAs in Bengaluru for "illegal" export of iron ore fines carried out by Shree Mallikarjun Shipping Pvt Ltd in collusion with others, the agency said in a statement.

Mallikarjun Shipping is reported to be a company of Sail.

The ED said its probe against the MLA and others is based on this conviction order issued by the special court.