The Enforcement Directorate (ED) conducted raids at the residences and farm house of RM Manjunath Gowda, the president of Shivamogga DCC Bank and a Congress leader. The raids, which began in the morning, were carried out in connection with a fake gold pledging case dating back to 2014. Simultaneous searches took place at Manjunath Gowda’s residences in Shivamogga and Thirthahalli.
The case involves a scam related to fake gold pledging that occurred between 2012 and 2014 at the Shivamogga city unit of the DCC Bank. Several arrests were made at the time, including that of Manjunath Gowda, who is now facing fresh scrutiny by the ED.