ED Confirms Congress MLA Collected ₹42 Crore In Cash For Karnataka Elections
The Enforcement Directorate conducted raids on six premises connected to Ballari City Congress leader party leader and MLA Nara Bharath Reddy. The raids were conducted on his residences, his father’s office, and the residences of his associates.
The officials seized unaccounted cash worth Rs 31 lakh during the raids. It is alleged that Bharath Reddy mobilized Rs 42 crore in cash before the 2023 Karnataka Assembly elections, which may have been used for unlawful transactions.
The officials had arrived early in the morning on 10 February and began the search operations. The local police were not informed about the raids.
The probe agency uncovered incriminating documents, business records, and details of properties during the search operations.
Further investigations have revealed undisclosed investments in foreign-based companies and suspicious loans obtained using proxy names and relatives’ bank accounts.
Before the last Assembly elections, Bharat Reddy had distributed cookers to the people to celebrate his birthday. His family is engaged in the granite mining business in Karnataka and Andhra Pradesh.
Mr. Pratap Reddy, his uncle, is preparing to contest the Legislative Council elections. The Congress leader and Corporator of Ballari City Municipal Council, M. Prabhanjan Kumar, accused the BJP-led Union government of misusing power and trying to suppress Mr. Reddy before the Lok Sabha elections.
After the raids, the probe agency revealed that Congress MLA Bharath Reddy had mobilized Rs 42 crore in cash before the Assembly elections.
The funds are believed to have been used for unlawful transactions. The raids uncovered incriminating documents, business records, and details of properties. Unaccounted cash amounting to Rs 31 lakh was also seized.
Further investigations revealed that Bharath Reddy’s brother had made undisclosed investments in foreign-based companies. The accused individuals are alleged to have invested in properties under proxy names and obtained suspicious loans.
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The ED conducted raids on the premises connected to. The probe agency ED is investigating the case under the Prevention of Money Laundering Act.
The raids uncovered evidence of unlawful transactions and unaccounted cash from the premises of Congress MLA Nara Bharath Reddy.
It’s a huge misuse of public funds and the potential impact on the overall governance and integrity of the political system.
