Bengaluru, July 10 -- The Enforcement Directorate (ED) today conducted searches at multiple locations linked to Karnataka Congress MLA SN Subba Reddy as part of an ongoing investigation under the Foreign Exchange Management Act (FEMA).
According to official sources, the raids covered at least five premises in Bengaluru, including the residence and associated locations of Reddy, who represents the Bagepalli Assembly constituency in Chikkaballapura district.
The probe centres on allegations that Reddy (59) and his family members possess undisclosed foreign assets, including suspected deposits in foreign bank accounts and investments in immovable properties and vehicles in countries such as Malaysia and Germany.
The searches were carried ou...