LS polls: Congress hopeful of winning in coastal Karnataka region, says D K Shivakumar
Mangaluru: Karnataka Pradesh Congress Committee (KPCC) president D K Shivakumar on Saturday said there are chances of his party winning this time in the coastal belt in the forthcoming Parliamentary elections. Addressing reporters, Shivakumar, who is here to participate in the state-level party convention of workers ahead of the coming Lok Sabha polls, said there is potential for change in politics, and there are visible changes in the attitude of people in the coastal areas.
He said that the issues of unemployment and business stagnation in coastal Karnataka will be addressed by the ruling Congress.
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Shivakumar said the BJP had failed to take up development works in the region though they have been representing the Dakshina Kannada constituency for a long period. Congress has plans to introduce innovative ideas and initiatives to stimulate economic growth and job creation in the coastal region, he added.
On the controversy over the removal of a teacher from her post at St Gerosa school in the city, he said appropriate legal action will be taken as per law. He defended the allocation of funds to minority communities, stating it as a necessary step towards equitable development.
The senior Congress leader said the candidate for Dakshina Kannada Lok Sabha constituency will be announced after obtaining the results of an internal party survey.
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ED attaches Anil Ambani's 'Abode' worth Rs 3,716 crore in PMLA case
New Delhi (PTI): The Enforcement Directorate on Wednesday said it has attached Reliance Group chairman Anil Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law.
The attachment comes a day before Ambani, 66, is expected to appear before the federal probe agency here for his second round of questioning on Thursday in a case linked to the alleged bank loan fraud involving Reliance Communications (RCOM).
The luxurious house, which is stated to be 66-metre high with 17 floors, is located in the Pali Hill area of Mumbai.
A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by Ambani's group company RCOM, the federal probe agency said in a statement.
It stated that the value of the attached asset was Rs 3,716.83 crore.
A part of this property, worth Rs 473.17 crore, was similarly attached by the ED in November, 2025.
RCOM and its group companies availed loans from domestic and foreign lenders with a total outstanding of Rs 40,185 crore, as per the ED.
An email sent by PTI to the Reliance Group seeking comment on the development remained unanswered.
The ED issues a provisional attachment order against an immovable or movable asset to prevent the accused from transacting, selling, or transferring it during the investigation.
Once the PMLA Adjudicating Authority confirms this order within the stipulated 180 days, the ED can confiscate the property and, in the case of a house, ask residents to vacate it.
Probe found that, among other assets, the Pali Hill property (Abode) was aggregated into the RiseE Trust, a private family trust of the members of Ambani's family.
"This was done to make it appear as though Mr Anil Ambani is not involved. The intended effect of this corporate restructuring was to ensure wealth preservation and resource generation by aggregation of the property in the RiseE Trust and shield it from the personal liabilities of Mr Anil Ambani in the form of Personal Guarantees extended by him to lender banks against the loans sanctioned to RCOM," the agency claimed.
It added that the property was intended to be "beneficially" used and owned by the Anil Ambani family and not for the distressed public banks whose loans became non-performing assets (NPAs).
With the latest order, the total value of the attachment in this case stands at about Rs 15,700 crore.
Ambani is expected to appear before the federal probe agency here for his second round of questioning on Thursday.
He first deposed before the ED in August 2025 and had his statement recorded under the PMLA.
The agency recently constituted a special investigation team to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.
