look news india
Bengaluru, July 13 (HS). The Enforcement Directorate (ED) arrested former Karnataka minister B. Nagendra on Friday night. This action has been taken under the investigation of the money laundering case related to alleged irregularities in Maharishi Valmiki Scheduled Tribe Development Corporation Limited.
Nagendra was taken from his residence to the Directorate's office on Friday morning. He was questioned for more than 13 hours. He was arrested at the office at around 10:30 pm. He will be produced before the special court today.
The ED raided four states including Karnataka on Thursday in this case. So far, about Rs 50 lakh in cash and some documents have been seized. After being accused in this scam, Nagendra resigned from his post on June 6. This case came to light when Accounts Superintendent Chandrasekaran committed suicide on May 26. Chandrasekaran claimed in the suicide note that Rs 187 crore was transferred unauthorizedly from the corporation's bank account.
The suicide note also names the corporation's suspended managing director JG Padmanabha, accounting officer Parashuram G. Duruganavar and Union Bank of India chief manager Suchismita Raval. Chandrasekaran wrote in the note that the 'minister' had given a verbal order to transfer the money.