Bengaluru: The sleuths of Enforcement Directorate (ED) investigating the fraudulent bank transactions in the accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation in Union Bank of India, Bengaluru, on Tuesday submitted its charge sheet to Special Court for MLAs/MPs, Bengaluru wherein arrested former minister B. Nagendra, has been named as the mastermind along with others.
Karnataka Maharshi Valmiki Scheduled Trib BENGALURU---- The sleuths of Enforcement Directorate (ED) investigating the fraudulent bank transactions in the accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation in Union Bank of India, Bengaluru, on Tuesday submitted its charge sheet to Special Court for MLAs/MPs, Bengaluru wherein arrested former minister B. Nagendra, has been named as the mastermind along with others.
Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation is an undertaking of the State Government and B. Nagendra resigned as Minister of Scheduled Tribes Welfare and Sports on June 6 this year after allegations of bank fraud were made. On July 12, sleuths of the Enforcement Directorate arrested B. Nagendra in connection with the bank fraud and also conducted raids on his residence and offices in Bengaluru and Ballari.
It may be noted here the sleuths of Special Investigation Team (SIT) under Criminal Investigation Department (CID) in its charge sheet to the Court had no mention of B. Nagendra in the fraudulent bank transactions. The alleged fraudulent transactions in Valmiki Corporation are under investigation from the Central Bureau of Investigation (CBI), Enforcement Directorate and SIT constituted by the State Government.
Sources told Deccan Chronicle the charge sheet by the ED reportedly stated Rs 21 crore from the alleged bank fraud of Rs 90 crore from the bank accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation was used in the conduct of Lok Sabha elections particularly Ballari Lok Sabha seat in 2024. The Ballari seat was won by Congress nominee E. Tukaram.
Bharatiya Janata Party MLC N. Ravikumar stated the charge sheet clearly mentioned B. Nagendra has the mastermind in the bank fraud while Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar tried their best to shield Nagendra through SIT probe. In the SIT charge sheet, Ravikumar said, there was no mention of Nagendra and alleged the bank fraud could not have taken place without the role of State Government.
es Development Corporation is an undertaking of the State Government and B. Nagendra resigned as Minister of Scheduled Tribes Welfare and Sports on June 6 this year after allegations of bank fraud were made. On July 12, sleuths of the Enforcement Directorate arrested B. Nagendra in connection with the bank fraud and also conducted raids on his residence and offices in Bengaluru and Ballari.
It may be noted here the sleuths of Special Investigation Team (SIT) under Criminal Investigation Department (CID) in its charge sheet to the Court had no mention of B. Nagendra in the fraudulent bank transactions. The alleged fraudulent transactions in Valmiki Corporation are under investigation from the Central Bureau of Investigation (CBI), Enforcement Directorate and SIT constituted by the State Government.
Sources told Deccan Chronicle the charge sheet by the ED reportedly stated Rs 21 crore from the alleged bank fraud of Rs 90 crore from the bank accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation was used in the conduct of Lok Sabha elections particularly Ballari Lok Sabha seat in 2024. The Ballari seat was won by Congress nominee E. Tukaram.
Bharatiya Janata Party MLC N. Ravikumar stated the charge sheet clearly mentioned B. Nagendra has the mastermind in the bank fraud while Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar tried their best to shield Nagendra through SIT probe. In the SIT charge sheet, Ravikumar said, there was no mention of Nagendra and alleged the bank fraud could not have taken place without the role of State Government.
