ED Raid
Enforcement Directorate raids Karnataka Congress MLA's premises in FEMA case probe
Bengaluru/IBNS: The Enforcement Directorate (ED) on Thursday raided Karnataka Congress MLA SN Subba Reddy's premises in connection with the probe into his alleged possession of undisclosed foreign assets, media reports said.
The raid is in connection with the FEMA probe by ED.
At least five premises of Reddy and some others have been raided in Bengaluru.
The probe is in connection with the undisclosed foreign assets of Reddy and his family members.
Some deposits held by Reddy in foreign banks and his investments in purchasing movable and immovable properties in Malaysia, Hong Kong, Germany and other places are under the ED scanner, a report by The New Indian Express said.
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