ED Raids Colleges Linked to Karnataka Minister Money Laundering Probe Intensifies #Karnataka #EDRaid

The Enforcement Directorate (ED) has launched major search operations at educational institutions linked to Karnataka Home Minister G Parameshwara, marking a significant development in what appears to be a widening money laundering investigation. The raids targeted three prominent institutions - Sri Siddhartha Medical College and Sri Siddhartha Institute of Technology in Tumakuru, along with Sri Siddhartha Institute of Medical Sciences in Nelamangala (Bengaluru outskirts).

Key Developments:
1. Multi-city raids conducted across Mumbai, Bengaluru, Jalandhar, Indore and Kolkata
2. ₹6.43 lakh in foreign currencies (USD, SGD, AED) seized
3. Gold bullion worth ₹55.74 lakh confiscated
4. Bank accounts frozen totaling ₹94 lakh
5. Property documents and digital devices impounded

Political Reactions:
- CM Siddaramaiah unaware of raid details initially
- Deputy CM DK Shivakumar defends Parameshwara as "decent and simple"
- Opposition likely to capitalize on raids ahead of elections

The searches come as part of ED's probe under Prevention of Money Laundering Act (PMLA), 2002. While the specific case details remain undisclosed, the scale of operations suggests serious financial irregularities. The investigation appears to be examining potential connections between educational institutions and money laundering networks.

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