ED Files Chargesheet against Karnataka Cong MLA in China Iron Ore Export Case
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Summary
The Enforcement Directorate has filed a chargesheet against Karnataka Congress MLA Satish Krishna Sail and his company in a money laundering case related to illegal export of iron ore worth Rs 44 cror...
Key Details
Published
15 November 2025 at 10:00 am
Source
Deccan Chronicle
Channel
NA
Victim Profile
NA
State
Karnataka
City
Bengaluru
Amount Loss Range
₹10000000–₹50000000
Fraud Keywords
money launderingillegal exportundisclosed foreign entityconcealing proceedsforeign bank accountsillegal iron ore tradesmuggling
Tags
Digital Footprint
Satish Krishna Sail (Karnataka Congress MLA)Shree Mallikarjun Shipping Pvt. Ltd.JI (HEBEI) Iron and Steel Investment Company Limited, Hong KongMallikarjun Shipping (HK) Ltd.Standard Chartered Bank (Hong Kong)Industrial and Commercial Bank of China (Asia)Mahesh J Biliye (port conservator)Belekeri portRs 44.09 crore (proceeds of crime)Rs 46.18 crore (illegal payments)Rs 21 crore (attached assets)