Overview

• Satish Krishna Sail, the Congress MLA from Karwar, was taken into ED custody on Tuesday night after day‑long questioning in a case linked to alleged illegal iron‑ore exports from 2010.
• A Bengaluru Special Court extended Sail’s ED custody till Friday, with the agency citing evidence gathered under the Prevention of Money Laundering Act.
• The ED alleges Sail colluded with business entities and Belekeri port officials to export nearly 1.25 lakh metric tonnes of seized iron ore valued at Rs 86.78 crore, a case that followed a Special Court conviction later stayed by the Karnataka High Court.
• Searches tied to the Sail probe yielded Rs 1.41 crore from his residence, Rs 27 lakh from an office, 6.75 kg of gold from a family locker, and bank account freezes totaling about Rs 14.13 crore.
• In a separate case, the ED said cumulative recoveries linked to MLA K C Veerendra’s alleged online/offline betting network crossed Rs 100 crore after a September 6 seizure of gold and silver worth about Rs 24 crore, with probes highlighting payment gateways, mule accounts and high‑value travel spending.