The Enforcement Directorate (ED) is conducting a series of searches in Karnataka as part of an ongoing investigation into alleged money laundering linked to the Mysore Urban Development Authority (MUDA). These raids, which began early this morning, are targeting more than half a dozen locations in Mangalore, Bengaluru, Mandya, and Mysore.
Sources reveal that the focus of the investigation is on a prominent builder and several other private individuals suspected of involvement in financial irregularities. The ED is examining potential instances of money laundering and illicit transactions related to MUDA projects.
This development comes as the ED intensifies its crackdown on financial crimes across the country. The agency has been increasingly active in investigating cases of money laundering, especially those involving real estate and infrastructure projects. The MUDA case highlights the agency’s commitment to rooting out corruption and ensuring transparency in public sector projects.
While the ED has not released an official statement on the ongoing raids, sources indicate that the investigation could lead to further arrests and potential seizures of assets. The outcome of this probe will be closely watched by both the public and the real estate industry in Karnataka.
