Following the arrest of Karnataka Congress MLA KC Veerendra in Sikkim by the Enforcement Directorate (ED), details of alleged money laundering have emerged. The investigation revealed a complex operation to convert illicit funds into legitimate assets.
Veerendra is alleged to have used shell companies to facilitate the conversion of black money. His casinos are believed to have played a key role in this process. The MLA is also accused of using credit card payments for individuals, which were later offset by funds from cyber fraud. Luxurious cars and other high-end items were purchased under the names of shell companies and individuals, with number plates that were often VIP or unique. Furthermore, his daughter recently completed her education in the United Kingdom.