Financial scam detected in planned KSRTC township
Team Udayavani, Jul 12, 2021, 2:32 PM IST
Bengaluru: The Registrar of Cooperative Societies has reportedly found a scam of more than Rs 10 crore in the KSRTC Employees’ Cooperative Housing Society (KECHS) township planned to be built in Nelamangala.
The KECHS proposed to build a township – Sarige Nagar – for its members.
An agreement was signed between the KECHS, the Karnataka Housing Board (KHB) and Supreme Associates, a company contracted to purchase the 110 acre land for KHB and develop the township, in 2006.
However, new office-bearers in 2011 transferred about Rs 14 crores to Supreme Associates and the company only transferred only 72 acres to KHB.
It was learnt during the investigation by the Deputy Registrar of Cooperative Societies, N Venkatesh, that the then president of the KECHS Manjunath’s brother Lakshminarayana was a partner in the company.
Additionally, in a separate case registered at the Wilson Garden police station, the investigation found that a little more than 5 acres of the land is registered in the name of another partner in the company.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Hunasagi: MLA Bairati Basavaraj’s car overturned
Veteran politician S M Krishna hospitalised, undergoing treatment for ‘minor ailment’
Repolling held peacefully at one polling booth in Chamarajanagar LS segment in Karnataka
Ramanagara: Five students swept away by currents in Cauvery river
JD(S) to suspend Prajwal Revanna, says Kumaraswamy
MUST WATCH
Latest Additions
ISRO releases ISSAR 2023 report on vulnerability of space assets to collisions
Hunasagi: MLA Bairati Basavaraj’s car overturned
No CM can remain absent for long, it’s against national interest: Delhi HC on Kejriwal
Cricket for the Blind: A Transformative Journey Empowering Visually Impaired Athletes
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing