The search was carried out on Wednesday in four states including the residences of former Karnataka minister and congress leader B Nagendra and MLA B Daddal, in this regard it is also part of a search operation. Money laundering investigation.
This again has something to do with alleged irregularities in Maharshi Valmiki Scheduled Tribes Development Corporation Limited in Karnataka state according to official sources. About 20 places in Telangana, Telangana and one other state (sources, PMLA).
The homes of Congress leader as well as former Tribal Welfare and Sports Minister for Karnataka State Nagendra and member of parliament from Dadar constituency have been searched among others.
Dadar however chairs the board of directors.
On Tuesday, criminal investigation department’s SIT questioned two people involved in this matter.
It emerged that an executive accountant with the firm, Chandrasekaran P had died on May 21st before this scam came into the open.
Subsequently two officers were suspended. And under duress, Minister Nagendra resigned on May 29th.
Chandrasekaran’s suicide note stated that unauthorized transfer of Rs 187 crores belonging to the above public undertaking took place from his bank account.
Moreover there were multiple accounts where Rs 8,862 crore was illegally deposited by several IT companies; Hydearabad based cooperative bank was one such depository.
While a Special Investigation Team (SIT) has been set up by the state government for purposes of investigations, CBI is also simultaneously doing its own independent inquiry following a complaint made by Union Bank of India.
