New Delhi, Sept. 11 -- The ED has searched 21 premises linked to Karnataka Public Works minister Satish Jarkiholi and his associates in a probe into alleged FEMA violations, the agency said.
The searches on September 9 and 10 covered Bengaluru, Belagavi, Gokak and Kolkata over alleged undisclosed foreign investments and financial irregularities involving the Jarkiholi family. The ED said documents indicated stakes in foreign entities, including Eldorado Mining Resources in Congo and Nava Aurum Mining Ltd in Zambia. It also alleged Jarkiholi owns nearly 40 per cent of Congo-based gold mining firm Magnitude Star SARL.
The premises linked to Bharat Vanijya Eastern Private Ltd were also searched over alleged bribery in securing a contract.
Published by HT Digital Content Services with permission from Millennium Post.