CM Siddaramaiah is doing all he can do to bailout the Nalpads in Bitcoin, Cryptocurrency money laundering case. After Enforcement Directorate made raids at 12 to 17 locations across Bangalore. The ED carried out searches under the Prevention of Money Laundering Act (PMLA) targeting the family members of eminent Congress leaders. Amazon Brand - Myx Women's Schiffli Embroidery Ethnic Dress | Fit and Flare | Knee Length (Available in Plus Sizes)
The ED alleges, Mohammed Haris Nalapad, Omar Farook Nalapad and Aqeeb Khan were close associates and primary beneficiaries of financial gains generated by the notorious hacker Srikrishna Ramesh (alias Sriki).
Investigators claim Sriki used to hack international websites and crypto wallets to steal virtual digital assets. These were then sold through different trading platforms, and the resulting funds were routed through various bank accounts, including those of the Nalapad brothers, to conceal the origin of the money. ED claims around 4.5 crores is transacted in this cycle.
On 21st April, CM slammed Modi led government for always targeting Congress leaders, while there are ample of allegations against BJP leaders, who are not touched. He spoke from Gundlupet and said, “The central government always targets Congress leaders. Will they raid the houses of BJP leaders?" "Candidate Shopping" in Bengal? Humayun Kabir Levels Shocking Bribery Charges Against TMC
He narrated the raids as a "consistent pattern" of intimidation intended to destabilize the Congress government in Karnataka.
Answering the claims, that the party was neglecting minorities, following recent internal friction over MLC removals, he stated that his government remains committed to all communities and won't be intimidated by agency-driven politics. From Mediator to ‘American Agent’? The Collapse of the Islamabad Accord
However, the 21-hour search at Nalpad’s residence, Mohammed Haris Nalapad (former Karnataka Youth Congress President) addressed the media and said despite grilling him for 21 hours ED has not established any evidence, as there is none to prove.
The CM stood for his support.