The Enforcement Directorate (ED) has attached assets worth ₹21 crore belonging to Karnataka Congress MLA Satish Krishna Sail in connection with a money laundering investigation linked to the alleged illegal export of iron ore.
According to an official statement, the ED issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on November 6, covering properties and assets held by Sail through his Goa-based company, Shree Mallikarjun Shipping Pvt Ltd (SMSPL).
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The probe stems from allegations that the company was involved in unauthorised iron ore mining and export operations, causing significant losses to the state exchequer. Investigators claim that the proceeds from these illegal activities were laundered through various business entities to conceal their origin.
The attached assets reportedly include immovable properties and financial holdings linked to SMSPL. The ED said the action follows earlier searches and evidence collected during the ongoing money laundering investigation.
This development marks another major step in the agency’s wider crackdown on illegal mining and related financial irregularities in the region. Further inquiries are underway to trace additional assets and individuals connected to the case, the ED added in its statement.
