Bengaluru Man’s ₹50 Crore Wolfdog Purchase Sparks ED Probe Over FEMA Violations

Bengaluru: A stunning claim by Bengaluru businessman and dog enthusiast S. Satish about spending a jaw-dropping ₹50 crore (approx. $5.7 million) on a rare “wolfdog” has caught the attention of the Enforcement Directorate (ED), prompting a raid at his residence over potential violations of the Foreign Exchange Management Act (FEMA).

Satish, president of the Indian Dog Breeders Association, said he bought the hybrid breed—named Cadabomb Okami—from the US earlier this year. Allegedly a cross between a Caucasian Shepherd and a wolf, the eight-month-old pup has not only captivated social media but also raised serious red flags with financial enforcement agencies.

No High-Value Transactions Found: Hawala Suspected

Sources in the ED told reporters that during the search operation, no substantial bank transactions matching the claimed purchase amount were detected, hinting at possible hawala transactions or undeclared foreign exchanges. Investigators are also skeptical about the breed’s authenticity, suspecting it might not be a foreign breed at all.

“Preliminary investigations suggest inconsistencies in his financial records. His interrogation is still ongoing,” a senior ED official said.

India’s “Most Expensive Dog”?

According to international media reports like the New York Post and The Sun, Satish shelled out millions of dollars for Okami, who now lives on a 7-acre estate in Bengaluru, complete with private kennels, caretakers, and a raw meat diet.

Dog Showbiz: ₹10 Lakh for 5 Hours?

In an interview, Satish explained that his exotic pets generate massive public interest, earning him anywhere from ₹2.3 lakh ($2,800) for a 30-minute appearance to ₹9.7 lakh ($11,700) for a five-hour display. “My dogs are more popular than film stars. Crowds gather just to see them and take selfies,” he said.

Lavish Kennels, Elite Pets

Satish’s luxury dog estate houses multiple rare breeds, including a Chow Chow reportedly worth ₹27 crore, all equipped with private 20×20 ft. rooms. The dogs are cared for by a team of six handlers and reportedly don’t require AC due to Bengaluru’s cool climate.

ED’s Next Move

With no bank records to justify the claimed ₹50 crore transaction, and doubts over the breed’s origin, the ED is now examining possible FEMA violations, black money links, and tax evasion angles.

Public Reaction

The extravagant pet purchase has ignited public outrage and online debate over the growing culture of animal luxury and misuse of foreign currency routes. Netizens questioned whether the money trail was ethical and demanded a deeper investigation.