Bangalore News Live Updates: The case came into light after a corporation official P Chandrashekaran allegedly involved in auditing and coordinating with Union Bank of India committed suicide. (File photo)Bangalore News Highlights: Congress leader B. Nagendra, arrested in connection with a money laundering probe involving the misappropriation of Rs 94.73 crore in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited, will appear in court on Saturday. He is set to face a special Prevention of Money Laundering Act (PMLA) court, where the Enforcement Directorate (ED) will seek his remand for custodial interrogation.
Nagendra resigned as Scheduled Tribes Welfare Minister on June 6 amid allegations linked to the scam. The issue came to light after the corporation’s accounts superintendent, Chandrasekharan P, committed suicide on May 26, leaving a note claiming an unauthorised transfer of Rs 187 crore. Of this, Rs 88.62 crore allegedly went to accounts of “well-known” IT companies and a Hyderabad-based cooperative bank, among others.

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What is happening in Yediyurappa’s POCSO case? The Karnataka High Court exempted former chief minister B S Yediyurappa from appearance before a special court on July 15 in a Protection of Children from Sexual Offences (POCSO) Act case. The 81-year-old filed an interlocutory application in the court on Friday seeking modification of an earlier plea for quashing a POCSO case. Three associates of the former chief minister – Arun Y M, Rudresh M, and Y Mariswamy – are also accused in the case under sections 204 and 214 of the IPC of destroying evidence by deleting a video recording of the minor victim’s mother’s confrontation with Yediyurappa over the incident.
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