BENGALURU, 10 JULY

The Enforcement Directorate (ED) on Thursday conducted searches at the homes of State Congress MLA SN Subba Reddy and several others as part of a Foreign Exchange Management Act (FEMA) investigation concerning the alleged possession of undisclosed foreign assets, according to official sources. 

The operation involved at least five locations in Bengaluru, including the residence of the Bagepalli legislator, under section 37 of FEMA. The investigation focuses on claims regarding undisclosed foreign assets owned by Reddy, aged 59, and his family members. 

The ED is scrutinising several deposits allegedly maintained by the MLA in foreign banks, as well as investments in vehicles and properties in countries such as Malaysia, Hong Kong, and Germany. Efforts to contact the MLA, who represents the Bagepalli assembly constituency in Chikkaballapura district, for comment were unsuccessful.