Enforcement Directorate Targets Illegal Iron Ore Exports in Karnataka

The Enforcement Directorate (ED) launched a significant operation on Thursday, conducting searches across multiple locations in Karnataka and Haryana. This action is part of an ongoing investigation into alleged money laundering linked to illegal iron ore exports through the Belekeri port in Karnataka.

According to official sources, the ED raided at least 20 premises, primarily in Bengaluru and Hospet, while also targeting sites in Gurugram, Haryana. These searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA). The investigation has emerged from a series of First Information Reports (FIRs) and chargesheets previously filed by the Central Bureau of Investigation (CBI). This move follows a directive from the Supreme Court for the CBI to investigate reports of illegal iron ore exports from Belekeri port.

Among the companies and individuals scrutinized during the ED’s operations are prominent entities such as MSPL Ltd., part of the Baldota Group, Greentex Mining Industries Ltd., Srinivasa Minerals Trading Co., Arshad Exports, SVM Nett Project Solutions Pvt. Ltd., and Alphine Minmetals India Pvt. Ltd.. Efforts to contact representatives from these companies for comment on the ED’s actions have been unsuccessful.

The allegations against those searched include illegal excavation, purchase, sale, and transport of iron ore without the necessary tax payments and royalties. Sources within the ED have indicated that such activities have resulted in substantial losses to the state’s treasury and have caused significant environmental damage.

In a related case, the ED previously arrested Satish Krishna Sail, a member of the Congress party, in September. This arrest was part of the broader investigation into the illegal transportation of iron ore from Bellary to Belekeri.

The situation continues to develop as authorities pursue leads in this extensive money laundering case. The ED’s actions underscore a commitment to addressing corruption and illegal practices within the mining sector, as well as the need for accountability in resource management.

This article is based on information sourced from credible news agencies.