Money laundering case: Karnataka minister B Nagendra tenders resignation | India News

NEW DELHI: Karnataka minister B Nagendra on Thursday tendered his resignation following allegations against him in connection with an illegal money transfer case.
The illegal money transfer involving Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd came to light following the suicide of accounts superintendent Chandrashekhar P on May 26.His death note revealed the unauthorized transfer of Rs 187 crore, with Rs 88.62 crore moved to various accounts, including those of prominent IT companies and a Hyderabad-based cooperative bank.
The note revealed the unauthorised transfer of Rs 187 crore belonging to the state-run Corporation, which comes under the administrative control of Nagendra’s department, from its bank account, and from that, Rs 88.62 crore was illegally moved to various accounts allegedly belonging to “well-known” IT companies and a Hyderabad-based cooperative bank.
In response to the CBI filing an FIR based on a Union Bank of India complaint, Chief Minister Siddaramaiah and state Congress President Shivakumar met to address the situation. They reportedly asked Minister Nagendra to step down, promising reinstatement if found not guilty.
The state government last week constituted an SIT headed by Manish Kharbikar, Additional Director General of Police, Economic Offences, at the Criminal Investigation Department (CID) here, to conduct the probe.
The Union Bank of India has suspended three officials and filed a formal complaint with the CBI, which is now investigating. The state government has also formed an SIT, led by ADGP Manish Kharbikar, to conduct a parallel probe.
A delegation of BJP leaders led by its state President B Y Vijayendra and Leader of Opposition in the Assembly, R Ashoka that petitioned the Governor, urged him to seek the Chief Minister’s and Nagendra’s resignation.
“A big corruption scam has happened in the state, where the money kept for the development of ST community has been illegally transferred to more than eighteen fake bank accounts in Hyderabad, this cannot happen without the approval of the Finance department,” Vijayendra said.
“The Chief Minister also holds the charge of the Finance Department, and such a big scam would not have happened without it coming to his notice, just the Minister’s resignation will not do justice, the Chief Minister is also responsible, and his resignation should also be sought,” he added.

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