The Enforcement Directorate (ED) has recently attached immovable assets valued at ₹21 crore belonging to Congress MLA Satish Krishna Sail. The action was taken in connection with the illegal iron ore export and money laundering case linked to the Belekeri Port.PALAY® Straw Hat Sun Hats for Women,Wide Brim Cap Beach Hat for Women Stylish UV Protection Cap

Key Details of the Seizure

Case Background: The case pertains to the illegal export and disappearance of iron ore that occurred at the Belekeri Port in the Uttara Kannada district around 2010.

Allegation: The ED alleges that MLA Satish Sail, through his company, M/s Shree Mallikarjun Shipping Pvt. Ltd. (SMSPL), laundered money by illegally purchasing and exporting iron ore (primarily to China).

Assets Attached: The attached immovable assets, valued at ₹21 crore (book value), are located in Goa. These assets primarily include commercial buildings, agricultural land, and vacant plots.

Note: While the book value is ₹21 crore, the ED indicated that the market value of these assets is estimated to be around ₹64 crore.Also Read; Chandrayaan-2 Orbiter Detects Key Discoveries at Lunar South Pole: Water & Sodium Elements Found

Previous Action:

The ED had previously arrested MLA Satish Sail in September 2025 in connection with this case.

Searches conducted at his premises yielded seizures of approximately ₹8 crore in cash and gold jewelry.

Legal Basis: The asset attachment process has been carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

In summary, the Enforcement Directorate has provisionally attached assets worth ₹21 crore belonging to MLA Satish Sail due to his alleged involvement in money laundering related to the Belekeri iron ore scam.