Congress MLA's assets attached in illegal iron ore export case
Karnataka Congress MLA Satish Krishna Sail just had ₹21 crore worth of his assets attached by the Enforcement Directorate (ED) over a money laundering case tied to illegal iron ore exports from 2010.
Sail, who also runs Shree Mallikarjun Shipping Pvt Ltd, was convicted for exporting government-seized iron ore, with the illegal exports valued at nearly ₹87 crore.
Sail was arrested in September
Sail was arrested in September. He later obtained interim bail on medical grounds, which was recently canceled by a special PMLA court.
The ED's investigation—sparked by a Lokayukta report—led to the attachment of his land and properties in Goa.
Recent raids turned up cash, gold, and frozen bank accounts linked to Sail and his companies.
Investigators say they've found evidence of collusion with port officials for shipping iron ore to China, and the probe is still ongoing as they look into other possible accomplices.