Congress MLA Satish Krishna Sail represents Karwar in the Karnataka Assembly.
| Photo Credit: File photo
The raids on the premises linked to Karwar MLA Satish Sail led to the seizure of ₹1.41 crore from his residence, and 6.75 kg of gold jewellery/bullion from his family’s bank lockers, according to the Directorate of Enforcement (ED)
On August 13 and 14, the ED had raided 15 locations in Karwar in Karnataka, Goa, Mumbai in Maharashtra, and in New Delhi in connection with the export of illegally mined iron ore, seized by the Forest Department of Karnataka from Belekeri port in 2010. Mr. Sail, Ashapura Minechem Limited, Shree Lal Mahal Limited, Swastik Steels (Hosepet) Private Limited, ILC Industries Limited and Sri Lakshmi Venkateshwara Minerals Limited were convicted for illegal export of iron ore. The total value of the illegal exports carried out by Satish Krishna Sail was ₹86.78 crore, the ED stated.
During the search, incriminating evidence in the form of documents, e-mails, and records were seized, ED stated in a statement on August 15. The ED froze several bank accounts of Shree Mallikarjun Shipping Private Limited, Satish Krishna Sail, and Ashapura Minechem Limited, having funds amounting to ₹14.13 crore.
Published – August 16, 2025 10:12 am IST
