A special court in Bengaluru on Monday remanded former minister B Nagendra to 14 days of judicial custody in the alleged multi-crore Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation scam..Nagendra was arrested by the Directorate of Enforcement (ED) on July 12 under the provisions of the Prevention of Money Laundering Act after an extensive search operation by the central agency following allegations of misappropriation of funds.A Congress Member of Legislative Assembly (MLA) from the Bellary (rural) constituency, Nagendra was produced in court after his custody with ED ended on Monday. The agency did not seek further custody and the court accordingly remanded him to judicial custody till August 4..The alleged scam came to light in May this year after the Valmiki Corporation’s accounts superintendent, Chandrashekhar, died by suicide at his residence. Chandrashekhar left behind a note alleging misappropriation of the welfare funds.Soon after, the Karnataka government constituted a Special Investigation Team (SIT) to probe the allegations, while the ED began a separate probe..As per the ED, around ₹90 crore was illegally transferred from the Valmiki Corporation’s bank account to several unauthorised accounts.
A special court in Bengaluru on Monday remanded former minister B Nagendra to 14 days of judicial custody in the alleged multi-crore Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation scam..Nagendra was arrested by the Directorate of Enforcement (ED) on July 12 under the provisions of the Prevention of Money Laundering Act after an extensive search operation by the central agency following allegations of misappropriation of funds.A Congress Member of Legislative Assembly (MLA) from the Bellary (rural) constituency, Nagendra was produced in court after his custody with ED ended on Monday. The agency did not seek further custody and the court accordingly remanded him to judicial custody till August 4..The alleged scam came to light in May this year after the Valmiki Corporation’s accounts superintendent, Chandrashekhar, died by suicide at his residence. Chandrashekhar left behind a note alleging misappropriation of the welfare funds.Soon after, the Karnataka government constituted a Special Investigation Team (SIT) to probe the allegations, while the ED began a separate probe..As per the ED, around ₹90 crore was illegally transferred from the Valmiki Corporation’s bank account to several unauthorised accounts.