ED Arrests Karnataka Congress MLA in Money Laundering Case
The Enforcement Directorate seized over Rs 12 crore in cash and Rs 6 crore in gold jewelry during raids linked to illegal online and offline betting operations.
GG News Bureau
Bengaluru, 23rd Aug: The Enforcement Directorate (ED) has arrested Karnataka Congress MLA KC Veerendra in a money laundering case. The ED’s raid uncovered large bundles of cash and jewelry worth crores of rupees. The raid resulted in the seizure of nearly Rs 12 crore in cash, including Rs 1 crore in foreign currency, and approximately Rs 6 crore in gold jewelry.
The investigation is linked to illegal online and offline betting. The ED’s Bengaluru regional office conducted a search on August 22 and 23 at 31 locations across India, including cities like Gangtok, Bengaluru, and Mumbai, which also included five casinos.
The searches revealed that Veerendra was allegedly running several online betting sites under the name ‘King 567’. His brother, KC Thippeswamy, is believed to be operating three business entities from Dubai: Diamond Softech, TRS Technologies, and Prime9 Technologies. These firms are reportedly connected to Veerendra’s call center and gaming businesses.
During the raids, officials also seized about 10 kilograms of silver jewelry and four vehicles. They froze 17 bank accounts and 2 bank lockers. Several property-related and other incriminating documents were also seized from the premises of Veerendra’s brother, KC Nagaraj, and his son, Prithvi N Raj.
The ED stated that Thippeswamy and Prithvi N Raj are managing the online gaming operations from Dubai. It was also found that Veerendra had traveled to Gangtok to lease a casino. The seized materials indicate a complex layering of funds from criminal activities.
Veerendra was arrested in Gangtok on August 23, 2025. He was produced before a judicial magistrate and granted transit remand to be brought to a court in Bengaluru. The case is currently under further investigation.
