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Reading: Bengaluru information: ED conducts searches at academic establishments linked to Karnataka Dwelling Minister
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StockWaves > Business > Bengaluru information: ED conducts searches at academic establishments linked to Karnataka Dwelling Minister
Business

Bengaluru information: ED conducts searches at academic establishments linked to Karnataka Dwelling Minister

StockWaves By StockWaves Last updated: May 21, 2025 2 Min Read
Bengaluru information: ED conducts searches at academic establishments linked to Karnataka Dwelling Minister
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Deputy CM denies Dwelling Minister’s involvementMulti-city raids in cash laundering case

The Enforcement Directorate (ED) is conducting searches at academic establishments which can be stated to be linked to Karnataka Dwelling Minister G Parameshwara at Tumakuru and on the outskirts of Bengaluru, official sources stated on Wednesday.

The searches had been underway at Sri Siddhartha Medical Faculty and Sri Siddhartha Institute Of Know-how in Tumakuru and Sri Siddhartha Institute of Medical Sciences in Nelamangala on the outskirts of Bengaluru, information company PTI stated, citing sources. 

The explanations for the searches aren’t but recognized.

When reporters questioned about this, Chief Minister Siddaramaiah stated, “I do not know…I’ll test and communicate.”

Deputy CM denies Dwelling Minister’s involvement

Denying the involvement of Dwelling Minister G Parameshwara in any case, Karnataka Deputy Chief Minister DK Shivakumar on Wednesday stated that the chief is a really “first rate” and “easy” man, an ANI report stated.

Talking to media individuals, Shivakumar stated, “I’m certain that on no account my Dwelling Minister is concerned in any case. He’s a really first rate and easy man. No method G Parameshwara is concerned in such a kind of case.”

Multi-city raids in cash laundering case

The ED on Wednesday carried out search operations in numerous cities, together with Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in reference to its probe into alleged cash laundering in a agency, a PTI report stated.

The searches had been carried out below the provisions of the Prevention of Cash Laundering Act (PMLA), 2002, the company stated in a social media submit.

In the course of the search operations, the ED seized foreign currency, together with US {Dollars}, Singapore {Dollars} and Dirhams, amounting to round ₹6.43 lakh, gold bullion price ₹55.74 lakh, and froze financial institution accounts with a complete steadiness of round ₹94 lakh, it stated.

Property paperwork, a number of digital units, and numerous incriminating paperwork had been additionally seized, the company added. 

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