Tag: ED arrest

  • Karnataka Congress MLA Arrested in Betting & Money Laundering Case

    Karnataka Congress MLA Arrested in Betting & Money Laundering Case

    The Enforcement Directorate (ED) has arrested Karnataka Congress MLA K C Veerendra in Gangtok, Sikkim, on charges of money laundering linked to a large-scale betting racket. The arrest marks a major setback for the Congress party in Karnataka.

    Arrest Linked to Casino Lease Attempt

    Veerendra, aged 50 and representing the Chitradurga constituency, was allegedly attempting to lease a casino in Gangtok when he was apprehended. The arrest follows months of investigation into a syndicate running online and offline betting operations worth crores.

    Raids Yield Cash, Gold, Silver & Luxury Cars

    ED raids across multiple states resulted in the seizure of assets worth Rs 18 crore:

    • Rs 12 crore in cash, including foreign currency

    • Gold jewellery worth Rs 6 crore

    • Around 10 kg of silver

    • Four luxury vehicles

    Family Members Under Scrutiny

    The investigation has widened to include Veerendra’s family. The ED seized property documents linked to his brother K C Nagaraj and son Prithviraj. Another brother, K C Tippuswami, is suspected of running parts of the betting network from Dubai, adding an international dimension to the case.

    Legal Proceedings Begin

    Veerendra was produced before a Sikkim magistrate, where the ED secured a transit remand to bring him to Bengaluru. He will be presented before a Bengaluru court as the local ED zone continues to probe the high-stakes money laundering and betting scandal.