Enforcement Directorate (ED) raids Mysuru ex-corporator, kin
They have laundered the alleged illegally-earned tainted money in the form of investment in immovable properties.
Bengaluru: The Enforcement Directorate (ED) on Wednesday provisionally attached the immovable properties of the former Mysuru corporator C. Mahadesh alias Avva Mahadesh and his brother C. Manju worth Rs 5.35 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
During the course of investigation the Directorate learnt that the two habitual "offenders and rowdy sheeters" had earned huge sums of money through extortion, criminal conspiracy, criminal intimidation and murder.
"They have laundered the alleged illegally-earned tainted money in the form of investment in immovable properties in their names and also in the names of their family members to project the said proceeds of crime as untainted money,” said an ED officer.