Congress MLA B Nagendra granted bail in multi-crore Valmiki Corporation ‘scam’ case
PTI, Oct 14, 2024, 6:32 PM IST
Bengaluru: Congress MLA, B Nagendra was granted bail by the Special Court for People’s Representatives here on Monday.
He had resigned as the Scheduled Tribes Welfare Minister in June following allegations of his involvement in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation scam.
The Directorate of Enforcement (ED) said last week Nagendra has been identified as the primary accused and mastermind behind the scam, allegedly orchestrating it with the help of 24 others.
The ED had earlier arrested Nagendra and five other key accused during the investigation.
The ED had said its investigation revealed that under the influence of Nagendra, the account of the corporation was moved to the MG Road Branch without any proper authorisation, where Rs 187 crore, including Rs. 43.33 crore from the State Treasury under the ‘Ganga Kalyana Scheme’, were deposited without following proper procedures and in violation of government guidelines.
“These funds were subsequently siphoned off through multiple shell accounts and converted into cash and bullion. ED investigation also revealed that an amount of Rs. 20.19 crore of the diverted funds was used to support a candidate contesting the 2024 Lok Sabha election from the Bellary constituency, as well as for the personal expenses of B Nagendra,” the federal probe agency added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
B’luru: Two killed in serial collision involving BMTC bus and cement mixer on Yelahanka Flyover
Vitla: Car transporting schoolchildren overturns after brake failure; students injured
Mangalore University hikes fees for undergraduate and postgraduate students, sparking concerns
Thekkatte: Serial collisions involving tipper truck causes traffic snarl
Renowned Mysuru Yoga Guru Sharath Jois passes away
MUST WATCH
Latest Additions
Delhi airport sees 7 flight diversions due to bad weather
Maharashtra Assembly Elections 2024: To counter Uddhav, BJP posts video showing checking of Fadnavis’ bags
Demolition of properties: SC lays down pan-India guidelines, says Executive can’t replace Judiciary
Varanasi declared no-fly zone ahead of Dev Deepawali festival
Illegal infiltration: ED arrests 2 Bangladeshi nationals, 1 Indian
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.