Karnataka MLA B Nagendra Accused in Multi-Crore Scam Allegations

B Nagendra, Karnataka Congress MLA, is accused by the Enforcement Directorate of masterminding a large-scale financial scam involving the Valmiki Corporation. Allegedly, funds were siphoned off and used for political campaigns. The case has revived focus following the suicide note of the Corporation's accounts superintendent.

The Enforcement Directorate has accused Karnataka Congress MLA B Nagendra of orchestrating a multi-crore scam involving the Valmiki Corporation. The federal agency alleges that Nagendra diverted funds from the state-run entity into shell accounts, using them ultimately to finance a Lok Sabha election campaign.

The ED claims that Nagendra, alongside 24 associates, relocated the Corporation's account to an unauthorized branch and deposited Rs 187 crore, violating government procedures. These funds were allegedly laundered through fake accounts in Andhra Pradesh and Telangana.

Following a police FIR, the ED linked the scandal to a suicide note left by Corporation accountant Chandrasekharan P, revealing unauthorized fund transfers. The allegations spotlight financial irregularities within state entities, potentially affecting future electoral proceedings.

(With inputs from agencies.)