Story perspectives

ED raids 21 premises, seizes Rs 3.3 crore from Jarkiholi

By Drooid · Sep 13, 2026, 4:13 AM UTC · How we work

Center

Jarkiholi Raided

The Enforcement Directorate searched 21 premises linked to Karnataka Public Works Minister Satish Jarkiholi and his family in Belagavi, Bengaluru, Gokak and Kolkata on September 9-10, 2026.
The agency said the raids uncovered cash and documents indicating undisclosed overseas investments and possible bribery.
Authorities seized about Rs 3.3 crore in cash and foreign currency worth roughly Rs 15 lakh.
Satish Jarkiholi said he is cooperating with investigators and has nothing to hide.

Right

Jarkiholi Raids

The Enforcement Directorate searched 21 premises linked to Karnataka Public Works Minister Satish Jarkiholi and his family in Belagavi, Bengaluru, Gokak and Kolkata on September 9-10, 2026.
Opposition leaders said the raids were a BJP-led centre attempt to intimidate a prominent Congress figure.
Priyank Kharge noted only two convictions resulted from 196 raids over six years.
Protesters in Belagavi and Gokak raised slogans accusing the centre of targeting political opponents.

History

Historical Context

In April 1992 journalist Sucheta Dalal exposed Harshad Mehta’s manipulation of bank receipts, a fraud of about INR5,000 crore that crashed the Bombay Stock Exchange. The scandal prompted SEBI to introduce stricter rules and the RBI to tighten bank-receipt monitoring. Those reforms form the backdrop for the 2026 Enforcement Directorate probes of Karnataka officials.

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Jarkiholi Raided

The Enforcement Directorate searched 21 premises linked to Karnataka Public Works Minister Satish Jarkiholi and his family in Belagavi, Bengaluru, Gokak and Kolkata on September 9-10, 2026.
The agency said the raids uncovered cash and documents indicating undisclosed overseas investments and possible bribery.
Authorities seized about Rs 3.3 crore in cash and foreign currency worth roughly Rs 15 lakh.
Satish Jarkiholi said he is cooperating with investigators and has nothing to hide.

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