ED Raids Karnataka Congress MLA’s Assets: Foreign Links Under Scanner
The Enforcement Directorate (ED) conducted searches on July 10, 2025, at multiple locations linked to Karnataka Congress MLA, S.N. Subba Reddy. The raids are part of an ongoing investigation into alleged undisclosed foreign assets.
Preliminary investigations suggest potential irregularities involving substantial deposits and investments in overseas banks. Countries under scrutiny include Malaysia, Hong Kong, and Germany.
The ED is meticulously examining financial records to ascertain the source and nature of these foreign transactions. The agency is yet to release an official statement detailing the findings of the raids.
This development comes at a crucial juncture for the Karnataka Congress, already facing intense scrutiny ahead of the upcoming assembly elections. The outcome of the ED investigation could significantly impact the party’s prospects. The case highlights the increasing focus on tracking illicit financial flows and ensuring transparency in political funding.
