Archive · 11 Sep 2026
ED Searches Jarkiholi Properties Over Foreign Investment Claims
The Enforcement Directorate, or ED, searched homes, offices and other properties connected to Karnataka Minister Satish Jarkiholi.
The searches began on Wednesday and ended on Thursday after almost 37 hours.
Officials were investigating possible problems involving foreign investments and a law called FEMA.
The searches took place in places including Bengaluru, Belagavi and Gokak.
Reports differed on how much cash was found, estimating it at between Rs 1 crore and Rs 3 crore.
Jarkiholi said the cash belonged to him and that he would provide documents to prove its source.
He said he would cooperate and denied that he or his family had been harassed.
He and other Karnataka Congress leaders said the action might be politically motivated, but the ED investigation has not yet reached a final conclusion.
The Enforcement Directorate searched about 18 properties linked to Karnataka Minister Satish Jarkiholi and associates in Bengaluru, Belagavi and Gokak.
The searches began Wednesday morning and ended Thursday after nearly 37 hours, according to reports.
The ED is examining alleged foreign investments and possible violations of the Foreign Exchange Management Act.
Jarkiholi said cash recovered from his Belagavi residence belonged to him and that he would provide documents establishing its source.
Jarkiholi and Karnataka leaders D.K. Shivakumar and Priyank Kharge alleged political targeting, while the investigation remains ongoing.
- Who
- The Enforcement Directorate searched properties linked to Karnataka Minister Satish Jarkiholi, his family members and associates.
- What
- The ED conducted searches as part of an investigation into alleged foreign investments and possible violations of the Foreign Exchange Management Act.
- When
- The searches began at about 6 a.m. on Wednesday and ended on Thursday after nearly 37 hours; some reports said they continued until late Thursday evening or night.
- Where
- The searches covered about 18 locations in Bengaluru, Belagavi, Gokak and other parts of Karnataka, including Jarkiholi’s residence.
- Why
- The ED was examining alleged foreign investments and possible FEMA violations; Jarkiholi and other Karnataka leaders also alleged a political motive.
Political-targeting allegations
Foreign-investment investigation
Reason for the searches
Political-targeting allegations
Satish Jarkiholi, D.K. Shivakumar and Priyank Kharge said the action could be politically motivated and alleged that central agencies disproportionately target Opposition leaders.
Foreign-investment investigation
The ED searches were conducted as part of an investigation into alleged foreign investments and possible violations under the Foreign Exchange Management Act.
Need for searches
Political-targeting allegations
Jarkiholi questioned why the agency did not first issue a notice seeking information and said larger alleged wrongdoers were being left out.
Foreign-investment investigation
The ED searched multiple linked properties, examined documents and took away cash and some documents while the investigation proceeds; the reports do not include a detailed public response from the agency to Jarkiholi’s criticism.
Cash recovered
Political-targeting allegations
Jarkiholi said the cash belonged to him or his family and that he would establish its source through documents and seek its return through legal procedures.
Foreign-investment investigation
The ED took possession of the cash during the searches while examining the matter; reports differed on the amount, estimating it at between Rs 1 crore and Rs 3 crore.
- Investigating agency
- Enforcement Directorate (ED)
- Main person involved
- Satish Jarkiholi, Karnataka Public Works Department minister
- Search period
- From Wednesday morning to Thursday, lasting nearly 37 hours
- Locations
- About 18 properties in Bengaluru, Belagavi, Gokak and other parts of Karnataka
- Investigation focus
- Alleged foreign investments and possible violations of the Foreign Exchange Management Act
- Cash reported
- Reports estimated the cash found at between Rs 1 crore and Rs 3 crore
- Minister’s response
- Jarkiholi said the cash belonged to him, promised supporting documents and said he would cooperate
Sources
ED Searches Continue at Satish Jarkiholi’s Residence in Belagavi for Second Day
Karnataka: ED searches at Satish Jarkiholi’s properties end after 37 hours, minister says cash found is his
ED search focused on fgn investment, says Jarkiholi, denies harassment
