ED set to charge Yeddyurappa with money laundering

In more trouble for B S Yeddyurappa and his family,the Enforcement Directorate is set to file money laundering charges against them.

Yeddyurappa would be charged under Sections 3 and 4 of the Prevention of Money Laundering Act (PMLA),under which money from proceeds of the crime can be attached by the ED,sources said. “We will also be seeking details from the bank and transactions carried out by private firms in the trust run by Yeddyurappa,” said an ED official. After the case is registered,the ED will summon Yeddyurappa for further questioning.

ED officials will also probe the source of funds used for purchase of 1.2 acres of land. According to the CBI’s FIR,the land was purchased by Yeddyurappa’s sons for Rs 20 lakh and then sold for Rs 20 crore to South West Mining Co.

Hearing on bail pleas adjourned till May 25

A court on Thursday adjourned till May 25 hearing on the anticipatory bail pleas of B S Yeddyurappa and his family members in an illegal mining case. The pleas were filed hours after after the CBI raided the residences of Yeddyurappa and his relatives on Wednesday.