The purported illicit money transfer scandal at the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd was uncovered following the suicide of its accounts superintendent, Chandrashekhar P, on May 26. He left a note behind.
Bengaluru
Former minister B Nagendra’s wife was interrogated by the Enforcement Directorate (ED) on Wednesday in connection with a Rs 187 crore scam at a state-owned corporation. Manjula was summoned for questioning regarding alleged financial irregularities at the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation. Nagendra, a Congress MLA, is currently in ED custody. The scandal involving illegal money transfers at the corporation surfaced following the suicide of its accounts superintendent, Chandrashekhar P, on May 26. A note left by Chandrashekhar disclosed the unauthorized transfer of Rs 187 crore from the corporation’s bank account, with Rs 88.62 crore reportedly transferred to accounts linked to ‘well-known’ IT companies and a Hyderabad-based cooperative bank, among others. Scheduled Tribes Welfare Minister B Nagendra resigned on June 6 amidst allegations linked to the scam. The ED initiated its investigation after the Union Bank of India filed a complaint with the Central Bureau of Investigation. Prior to this, the ED had conducted raids on Nagendra and Basanagouda Daddal, Chairman of the Valmiki Corporation and Congress MLA from Raichur Rural constituency.
