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ED arrests Karnataka Congress leader B Nagendra, action in Valmiki Nigam money laundering case

Karnataka Congress leader B Nagendra

Congress leader B Nagendra arrested

Headlines

  • Senior Karnataka Congress leader B Nagendra arrested
  • Had to resign from ministerial post after allegations of scam
  • ED has already raided the locations of B Nagendra

A senior leader of Karnataka Congress has been arrested by the ED. The ED arrested Congress leader and former minister B Nagendra on Friday night in the Valmiki Nigam money laundering case. This arrest is related to the investigation related to the CBI FIR related to the misappropriation of funds from the Maharishi Valmiki ST Vikas Nigam.

Interrogation was going on since morning

Earlier on Friday morning, B Nagendra was taken to the ED’s regional office in Bengaluru for recording his statement. According to sources, Nagendra and another MLA were questioned by the Karnataka government-appointed Special Investigation Team (SIT) earlier this week. According to sources, Nagendra will be produced in court tomorrow, where the ED is expected to seek his custody.

How the case was opened

The development comes days after the ED carried out extensive searches at the former minister’s premises as part of a money laundering probe linked to the alleged scam. The scam came to light following the death of the corporation’s accounts superintendent Chandrasekaran P on May 21. The alleged suicide note left behind by Chandrasekaran accused several officials of conspiring to illegally transfer money from the corporation’s accounts to various other bank accounts. Following this, two officials were suspended, while Scheduled Tribe Welfare Minister B Nagendra resigned from his ministerial post on June 6 due to mounting pressure.

The state government is also investigating

After this, the Congress government formed a Special Investigation Team (SIT) to investigate the case, after which 11 persons related to the case were arrested. Let us tell you that Chandrasekaran’s suicide note alleges unauthorized transfer of Rs 187 crore from the bank account of the government corporation. Rs 88.62 crore was allegedly sent illegally to the accounts of several IT companies and a Hyderabad-based cooperative bank.

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