The Enforcement Directorate Friday night arrested former 52-year-old Karnataka minister and Congress leader B Nagendra in connection with a money laundering probe related to the misappropriation of `94.73 crore in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited. According to sources, the arrest process was being formalized and the four-time MLA would be produced before a court on Saturday.
Earlier on Wednesday, the ED had conducted searches at the residences and offices of Nagendra and Scheduled Tribes Development Corporation chairman and Congress MLA Basanagouda Daddal, in Bengaluru and Ballari.
The ED had also questioned the personal assistants of the two Congress leaders on account of their alleged knowledge of the diversion of the Rs 94.73 crore.
The misappropriation came to the fore after a corporation official P Chandrashekaran allegedly involved in auditing and coordinating with Union Bank of India died by suicide on May 26 this year detailing the fraud and the people involved in a six-page note he left behind.
Following the scam, then a Minister of Tribal Welfare, Nagendra resigned from his post.
Earlier in the day, Nagendra while being taken to the ED office told news agency PTI: “I’m being brought from my home… I don’t know anything.” So far, 11 people have been arrested in connection with the case.
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