New Delhi: The Enforcement Directorate (ED) launched a significant investigation into Siddhartha Educational Institutions in Karnataka, resulting in raids exceeding 40 hours. These institutions have alleged links to Karnataka Home Minister Dr G. Parameshwara, sparking intense political and media attention. The investigation’s primary focus appears to be a potential connection to the ongoing Ranya Rao gold smuggling case.
Allegations surfaced regarding a Rs 40 lakh transfer from the Siddhartha Educational Trust to Ranya Rao. While the nature of this transfer remains unclear, it forms a central part of the ED’s investigation. Both Minister Parameshwara and senior Congress leaders, notably D.K. Shivakumar, have publicly refuted any involvement in illegal activities and pledged their complete cooperation with the authorities. Parameshwara stated that the ED sought financial records from the past five years and that his institutions provided full assistance.
The ED’s investigation involves a thorough review of financial records across multiple campuses of the Siddhartha Educational Trust in Tumkur. Over 40 ED officials participated in the simultaneous raids, aiming to uncover any financial irregularities. The ongoing scrutiny has generated significant speculation regarding a potential link between the institutions and the Ranya Rao gold smuggling case.
While reports suggest a possible link between the Rs 40 lakh transaction and Ranya Rao’s wedding, this remains unconfirmed. Congress leader D.K. Shivakumar attempted to downplay the significance of the transfer, suggesting it was a gift. However, the ED’s investigation continues, and the lack of official confirmation regarding the alleged connection keeps the political pressure high.
The situation highlights the complexities of such investigations and the potential for political ramifications in high-profile cases. The ED’s findings will be crucial in determining the extent of any involvement by the Siddhartha Educational Institutions and the Home Minister.
