New Delhi, Sept. 10 -- The Enforcement Directorate (ED) today arrested Karnataka Congress MLA Satish Krishna Sail alias Satish Sail in connection with a money laundering case related to illegal iron ore export case.
Confirming the arrest, ED officials said that Sail was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA).
In August, the ED had conducted search operations at the premises linked to Sail on August 13 and 14, recovering cash and jewellery. The raids were conducted at multiple locations in Karwar (Uttara Kannada), Goa, Mumbai and New Delhi.
According to the ED, Sail and other entities Ashapura Minechem Ltd, Shree Lal Mahal Ltd, Swastik Steels (Hosepet) Pvt Ltd, ILC Industries Ltd, Sri Lakshmi ...