Enforcement Directorate Takes Former Minister into Custody in Money-Laundering Probe
The Enforcement Directorate recently took former Minister B Nagendra into custody as part of a money-laundering probe related to alleged irregularities in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited. Nagendra, who resigned on June 6 following allegations against him, was brought in for questioning from his residence to the ED office in Bengaluru.
The ED conducted searches at multiple locations in Karnataka, Andhra Pradesh, Telangana, and Maharashtra as part of the case under the Prevention of Money Laundering Act. The probe was initiated after the accounts superintendent of the Corporation, Chandrasekharan P, committed suicide and left a note claiming unauthorized transfers of funds.
A special investigation team (SIT) has been formed by the state government to look into the matter, questioning Nagendra and other officials. Additionally, the Union Bank of India filed a complaint with the CBI regarding the embezzlement of funds from the Corporation. This case has raised concerns and shed light on the issue of corruption within the Corporation.
Stay tuned for more updates on this developing story.
Published on 12 July 2024, 04:44 IST\
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