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HomeIndiaCong MLA Subba Reddy blames political rival for ED raids over alleged...

Cong MLA Subba Reddy blames political rival for ED raids over alleged foreign assets

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Chikkaballapura (Karnataka), Jul 11 (PTI) Congress MLA S N Subba Reddy on Friday alleged that a political rival was behind the ED raids conducted on his residence and five other premises in connection with a probe into alleged undisclosed foreign assets.

Speaking to reporters, Reddy denied owning any foreign assets and said the Enforcement Directorate (ED) has summoned him for questioning on July 14.

At least five premises in Bengaluru, including that of the Bagepalli legislator, were searched under section 37 of the Foreign Exchange Management Act (FEMA), on Thursday.

The probe pertains to alleged foreign bank deposits, investments in vehicles, and immovable properties in countries including Malaysia, Hong Kong, and Germany, allegedly held by Reddy and his family members, sources said.

He said, during the raid, the ED officials questioned him about whether he held any assets abroad, specifically in Malaysia.

“I told the ED officials that if at all there is an investment of even a paisa in the foreign country, I will donate my entire property to your government. I even told them that I will give it in affidavit, which they can take away with them,” said Reddy.

He added that the ED officials did not give him any clear information during the raid and said he would appear before the investigators on Jul 14.

According to Reddy, his political rival was responsible for filing the complaint that triggered the probe.

Explaining further, Reddy said he got a message from a friend on WhatsApp a few days ago that some Veeraswamy Rangaswamy created a fake document showing him owning a bank account in the foreign country.

He added that he approached the Cyber Crime Cell in Bengaluru North Division that a fake document has been created against him.

“I wanted to lodge a complaint but the police officers said that since there is no specific person involved in the case, they sent me back. I have photographs to show,” the MLA explained.

He claimed that he has led a clean life and has never cheated the government.

“I never gave fake certificates to the government. Other than the conspiracy by the opposition leaders, there is no truth in it,” Reddy said. PTI GMS GMS ROH

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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