Satish Jarkiholi ED Raids: Karnataka Minister Admits ₹2 Crore Cash Belongs To Family, Denies Overseas Investments
Bengaluru: After two days of raids on his house and 18 other premises across Bengaluru, Belagavi and Goa, the Karnataka PWD Minister Satish Jarkiholi has admitted that about ₹ 2 crore cash seized by the Directorate of Enforcement (ED) belonged to him. ED Raids Karnataka Minister Jarkiholi, Excise Official Manjunath Bengaluru The Enforcement Directorate ( #ED ) on Wednesday raided Karnataka Public…
In a series of raids conducted over two days, the Directorate of Enforcement (ED) targeted the home of Karnataka Public Works Minister Satish Jarkiholi and 18 other locations in Bengaluru, Belagavi, and Goa. Allegations of excise irregularities prompted the searches, with officials seizing a significant amount of cash and documents.
Satish Jarkiholi, in a statement to reporters, admitted that the ₹2 crore cash seized was indeed his family's money, providing an account for it. He assured that if ED officials require further explanations, he will furnish the necessary documents. When questioned about potential overseas investments, Jarkiholi firmly denied any such transactions, stating that they had not been made yet. He acknowledged having plans to invest abroad in the future but confirmed that no such investments had been undertaken at this point.
Meanwhile, ED officials have transferred the seized cash from the homes of Jarkiholi's family members in Gokak and his associates to a bank in Gokak. The cash, totaling over ₹3 crore, along with documents related to investments made by Jarkiholi's family members, primarily in South African mining industries and Rwanda, were handed over to Bank of India officials in Gokak.
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