Overview

• The Enforcement Directorate alleged that K.C. Veerendra, his family and associates booked international trips worth crores using mule accounts linked to proceeds from online betting websites.
• Searches on September 6 in Challakere recovered 21.43 kg of gold bullion, 10.985 kg of gold‑coated silver bars and about 1 kg of jewellery valued at roughly Rs 24 crore.
• Following the latest seizure, the agency said the identified proceeds of crime in the case have crossed Rs 100 crore.
• On September 4, a special court granted a four‑day extension of ED custody for Veerendra, citing documentary evidence of alleged generation and laundering of illicit funds.
• Investigators flagged luxury vehicles used by the MLA’s family as registered or funded by others, including a Mercedes‑Benz tied to ABH Infrastructures of Anil Gowda and a Range Rover funded by Gulshan Khattar of Fonepaisa, while the Karnataka High Court gave Gowda interim protection as it reserved its order on his challenge to ED summons.