The Enforcement Directorate (ED) on Thursday conducted raids on the premises of Congress leader and chairman of Shivamogga District Cooperative Central (DCC) Bank RM Manjunath Gowda as part of its investigation into alleged fake gold scam in the bank.

Gowda's residence in Sharavathi Nagar, Shivamogga and his farmhouse near Karakuchi in Tirthahalli taluk of the district are being raided by ED sleuths. The raids are still going on.