ED Raids Congress MLA SN Subba Reddy’s Properties Over Alleged Undisclosed Foreign Assets

The Enforcement Directorate (ED) on Thursday launched search operations at the residence and properties of senior Congress leader and three-time MLA SN Subba Reddy in connection with alleged foreign asset violations.

The probe relates to suspicions that Reddy and his family members hold unreported overseas assets.

Acting under Section 37 of the Foreign Exchange Management Act (FEMA), ED teams carried out coordinated searches across at least five locations in Bengaluru.

According to sources, the ED had received complaints about foreign bank deposits. These also mentioned purchases of immovable properties in countries including Malaysia, Hong Kong, and Germany.

Officials also searched the MLA’s residence, his business premises, and the homes of key aides and close relatives.

Subba Reddy currently represents the Bagepalli Assembly seat in Karnataka’s Chikkaballapura district.

The ED has yet to issue an official response regarding Thursday’s operation.

This action comes amid a wider crackdown by the agency in Karnataka.

On June 25, the ED conducted raids at around 18 premises across the state. Several of these were located in Bengaluru. The operation was part of a money laundering investigation linked to the engineering college admission scam.

That investigation revealed a racket involving the illegal blocking and resale of over 2,000 engineering seats during the 2024–25 academic year.

Institutions such as BMS Engineering College and Akash Institute of Engineering were reportedly under scrutiny during those raids.

Earlier, on 11 June, the ED conducted raids targeting four Congress leaders. Those included Ballary MP E Tukaram and MLAs Na Ra Bharath Reddy, JN Ganesh (Kampli Ganesh), and NT Srinivas.

These were tied to alleged financial irregularities involving the Maharshi Valmiki Tribal Welfare Board in Ballary and Bengaluru.

The recent spate of enforcement actions underscores the ED’s expanding investigation into suspected financial misdeeds involving public figures and institutions in Karnataka.

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