ED Raids Karnataka Congress MLA S.N. Subba Reddy’s Properties in Foreign Assets Probe
ED Raids Properties Linked to Karnataka Congress MLA in Foreign Assets Probe
The Enforcement Directorate (ED) has launched an investigation into Karnataka Congress MLA S.N. Subba Reddy over allegations of undisclosed foreign assets. The ED conducted raids on several properties linked to the MLA in Bengaluru, as part of a probe under the Foreign Exchange Management Act (FEMA).
Raids Target Undisclosed Assets in Multiple Countries
The investigation focuses on alleged undisclosed assets held in Malaysia, Hong Kong, and Germany. The ED is scrutinizing financial transactions and documents related to these assets.
Reddy’s Connection to the Properties Under Scrutiny
The exact nature of Reddy’s connection to the raided properties is currently being investigated by the ED. More details are expected to emerge as the investigation progresses.