The Directorate of Enforcement (ED), Bengaluru Zonal Office, on Saturday filed a prosecution complaint before the Special Court for Prevention of Money Laundering Act cases against Mallikarjun Shipping Pvt. Ltd. and its managing director Satish Krishna Sail, who is also Karwar MLA, in connection with the illegal export of seized iron ore, causing a loss of ₹44.09 crore to the State exchequer.
