Karwar MLA Satish Sail arrested in ₹86 crore iron ore export case

ED seizes gold, cash, and freezes assets in high-stakes money-laundering case

The Enforcement Directorate (ED) on Tuesday arrested Karwar’s Congress MLA Satish Krishna Sail in connection with the 2010 illegal iron ore export scam worth ₹86 crore. The legislator was brought to Bengaluru late Tuesday night, medically examined at Bowring Hospital, and later produced before a magistrate.

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Sources confirmed that ED will seek Sail’s custody to probe deeper into his alleged role in exporting 1.2 lakh tonnes of iron ore fines between April 19 and June 10, 2010, in collusion with Belekeri Port officials and other business entities.

The arrest comes after ED’s massive raids conducted on August 13 and 14 across Uttara Kannada, Goa, Mumbai, and New Delhi under the Prevention of Money-Laundering Act (PMLA).

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During the searches, ED seized ₹1.4 crore in cash from Sail’s residence, ₹27 lakh from the Sri Lal Mahal offices, and recovered 6.7 kg of gold from the Sail family’s bank locker. Additionally, over ₹14 crore in assets were frozen.