ED Raids on Jarkiholi Properties Stretch Beyond 36 Hours, Overseas Investments Under Scanner
ED officers seized documents and about Rs 2 crore in cash as they probed alleged Foreign Exchange Management Act violations linked to Satish Jarkiholi.
- On Thursday, the Enforcement Directorate concluded marathon searches exceeding 36 hours at properties linked to Public Works Minister Satish Jarkiholi across Karnataka and Maharashtra, investigating alleged Foreign Exchange Management Act violations.
- Investigators focused on financial records regarding the Jarkiholi family's overseas business interests; Satish confirmed that Rahul Jarkiholi, Priyanka Jarkiholi, and Mahadevi each invested only Rs 25,000 in African ventures.
- Officials reportedly seized between Rs 2 crore and Rs 3 crore in cash during the operation, and associates including Girish Sonwalkar and Malagouda Patil were questioned regarding financial transactions.
- Satish questioned why central agencies appear to target only Opposition leaders, remarking that he "may have made some small mistake" while accusing investigators of "letting off big fish and coming after small fish."
- Political speculation intensified as the Enforcement Directorate did not visit residences of the Minister's brothers, BJP MLAs Ramesh Jarkiholi and Balachandra Jarkiholi, while officials continue scrutinizing documents to determine investment scale and source.
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BJP MP Basavaraj Bommai Says No Need for CM to Politicise ED Raid on Jarkiholi
Get latest articles and stories on India at LatestLY. BJP MP and former Karnataka Chief Minister Basavaraj Bommai on Friday said there was no need for the Chief Minister to politicise the Enforcement Directorate (ED) raid on Karnataka Minister Satish Jarkiholi, asserting that the matter would ultimately be decided in court. India News | BJP MP Basavaraj Bommai Says No Need for CM to Politicise ED Raid on Jarkiholi.
Another DKS min in trouble as ED searches unearth Rs 3 cr, foreign assets
The Enforcement Directorate has seized Rs 3.45 crore in cash during searches against Karnataka PWD Minister Satish Jarkiholi, his family, and associates in a FEMA investigation. The probe concerns alleged undisclosed overseas investments, cross-border business links, and collection of bribes from PWD contractors, with the minister denying wrongdoing and alleging political targeting.
ED searches 21 premises linked to Satish Jarkiholi over foreign investments probe
The ED searched 21 premises linked to Karnataka minister Satish Jarkiholi and his associates under FEMA. The action is aimed at examining alleged overseas investments, cross-border links and financial irregularities.
ED raids linked to FEMA, but we have only sought permission to invest abroad: Satish Jarikiholi
Even as officers of the Enforcement Directorate (ED) concluded searches at premises linked to PWD Minister Satish Jarkiholi and those of his relatives and associates in Belagavi, he confirmed that they were related to allegations of violations of the Foreign Exchange Management Act (FEMA).
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