New Delhi, Aug. 13 -- The Enforcement Directorate (ED) on Wednesday launched massive searches at 15 locations across Karnataka, Goa, and Mumbai in connection with a money laundering investigation involving Karnataka MLA Satish Krishna Sail and others.

Satish Sail, who represents the Karwar Assembly constituency in Uttara Kannada district, is accused of illegally exporting seized iron ore from Belekeri port in Karwar.

According to officials, the consignment, originally impounded by forest officials, was illicitly shipped overseas, causing a loss of approximately Rs 38 crore to the state exchequer.

Investigators believe the actual value of the illegally exported ore could run into hundreds of crores.

The raids are part of ED's probe und...