The Enforcement Directorate (ED) has made significant findings regarding the financial activities of Congress MLA KC Veerendra, following his arrest in Sikkim. The investigation has exposed a network designed to transform black money into white.
KC Veerendra is suspected of residing with his second wife in Bangalore, where he set up several shell companies. These companies were allegedly used to launder black money, especially through his casino operations. The modus operandi included utilizing credit card payments under various names, which were subsequently adjusted with funds acquired through cyber fraud. Additionally, luxury items, including cars, were purchased under the names of anonymous entities with custom number plates. His daughter recently finished her studies in the UK.