In a major breakthrough in the investigation into the Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scam, the Special Investigation Team (SIT) has seized 16 kg of gold and Rs 2.5 crore from two accused. Top SIT sources told PTI that the raid recently recovered 15 kg of gold from Satyanarayana Varma’s house.
Varma admitted to purchasing an ultra-luxury Lamborghini with the crime money. SIT sources also revealed that one kg of gold was found from Kaki Srinivas Rao.
Earlier this month, both suspects were arrested as the investigation gained momentum. Rs 2.5 crore cash was also recovered from a builder whom Varma allegedly paid to purchase a luxurious flat. The builder returned the amount, which has been seized, sources added.
The Valmiki Corporation scam reportedly involves Rs 187.33 crore, where funds, including Rs 40 crore in the government treasury, were diverted to the Union Bank of India’s MG Road branch. Of this amount, Rs 88.63 crore was illegally transferred to at least 217 bank accounts in Telangana, including those of 18 firms.
Former Minister B Nagendra was arrested by the Enforcement Directorate and is in judicial custody for his alleged involvement. The scam surfaced after Accounts Superintendent Chandrasekharan P died by suicide, leaving a detailed note on the money transfers and the role of Corporation and bank officials.
The opposition BJP has accused the ruling Congress of being involved in the scam, alleging that such transfers couldn't occur without Chief Minister Siddaramaiah’s knowledge. The Chief Minister has denied these allegations, claiming he had no information about the scam.
Massive Seizure in Karnataka Valmiki Corporation Scam: Gold and Cash Recovered
Source: Viral Trending Buzz
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment