ED raids Cong MLA Satish Krishna Sail, others in illegal iron ore export case
Bengaluru (PTI): The Enforcement Directorate on Wednesday raided premises linked to Karnataka Congress MLA Satish Krishna Sail and some others as part of a money laundering investigation against the legislator in a case related to alleged illegal export of iron ore, official sources said.
At least 15 premises in Karnataka, Goa and Mumbai are being searched under the Prevention of Money Laundering Act (PMLA), the sources said.
Sail is a Congress MLA representing the Karwar assembly constituency in Uttara Kannada district.
Sail, according to the sources, has been accused of exporting illegally mined iron ore which was seized by forest officials at Belekeri port in Karwar, Karnataka.
This caused "loss" to government exchequer for an amount of about Rs 38 crore but the actual value of illegally exported ore is worth hundreds of crores of rupees, the sources said.
The case originated from a 2010 probe by the Karnataka Lokayukta, which discovered about eight lakh tons of illegally transported iron ore from Bellary to Belekeri port.
The Karnataka High Court last year had ordered the suspension of the seven-year prison sentence of the MLA in this case.
A special court had previously found Sail and others guilty in multiple cases related to the illegal export of iron ore from the Belekeri port.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
