Will Congress MLA S.N. Subba Reddy Gift Foreign Properties to the Government if Found?
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Synopsis
S.N. Subba Reddy, a three-time Congress MLA, has made a bold pledge to donate any foreign properties found in his name to the government following ED raids. His claims of being framed by political rivals raise questions about the integrity of the investigation and the political landscape in Karnataka.
Key Takeaways
- MLA S.N. Subba Reddy challenges the ED's findings.
- Claims of a political conspiracy against him.
- Promised to donate any proven foreign assets.
- Reddy has not traveled abroad in years.
- Legal actions are forthcoming against the allegations.
Bengaluru, July 12 (NationPress) - S.N. Subba Reddy, a three-time Congress MLA, has boldly declared that he will donate any foreign assets found in his name to the government. This statement comes after the Enforcement Directorate (ED) executed raids at his home and other properties.
These actions were triggered by claims that Reddy might hold properties in nations including Germany, Malaysia, and Hong Kong. During a media interaction, Reddy asserted that his political rivals orchestrated a malicious campaign against him, alleging that they forged documents and misrepresented facts to the ED in an attempt to tarnish his reputation.
“I have not acquired any property abroad. My images have been manipulated, and my likeness has been wrongly placed on photographs of others. Those opposing me created fake documents indicating that I own overseas properties and submitted them to the ED,” he stated.
Reddy insisted that the raids were a result of these false allegations. “If it is established that I have invested a single paisa in any foreign land, I will relinquish that property to the government,” he proclaimed.
“In the last 15 years, I have not set foot in Germany, Malaysia, or Hong Kong. In fact, I have never visited Germany at all. I believe a defeated candidate from the recent Assembly elections is behind this plot,” he added.
“I am wrongly accused of purchasing property from Ramaswamy Veeran. They have manipulated photos to create an illusion of my ownership of international assets,” he continued.
“The ED conducted raids based on these fabricated documents. I have also acquired copies of these documents and sought to file a complaint with the cybercrime police, but my requests were denied. I will now formally pursue a complaint in court,” concluded MLA Reddy.
The ED's raids targeted Reddy's properties in Bengaluru on Thursday, focusing on allegations of undisclosed foreign assets linked to him and his family. These investigations were carried out under Section 37 of the Foreign Exchange Management Act (FEMA), with searches spanning five locations.
The ED reportedly received tips regarding deposits made by Reddy in foreign bank accounts and purchases of real estate in Malaysia, Hong Kong, Germany, and others.
MLA Reddy represents the Bagepalli Assembly constituency in Chikkaballapura District.
Point of View
It’s essential to approach this situation with impartiality. The allegations against MLA Reddy highlight ongoing tensions in Karnataka politics, and the ED's actions must be scrutinized to ensure justice is served without bias. The truth must prevail, upholding the principles of accountability and transparency.
NationPress
13/07/2025
Frequently Asked Questions
What prompted the ED raids on MLA Subba Reddy?
The raids were initiated based on allegations of undisclosed foreign assets held by Subba Reddy and his family members.
What does MLA Reddy claim about the allegations?
Reddy claims that he is a victim of a conspiracy by political rivals, asserting that the documents against him are forged.
Has MLA Reddy ever visited the countries mentioned in the allegations?
Reddy insists he has not traveled to Germany, Malaysia, or Hong Kong in the last 15 years.
What will Reddy do if foreign property ownership is proven?
He has pledged to donate any foreign property found in his name to the government.
What legal actions is Reddy planning to take?
Reddy intends to file a formal complaint and take legal action regarding the forged documents.
