Money laundering case: Karnataka Minister B Nagendra Submits Resignation

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After being charged in multi-crore illegal money transfer scam, Karnataka minister B Nagendra resigns.

In a shot to step up the pressure on the Congress government, the BJP organized a protest march from ‘ Vidhana Soudha ’ to Raj Bhavan and handed over a memorandum to Governor Thaawarchand Gehlot seeking the abdication of the Scheduled Tribes Welfare Minister over what the BJP claimed to be ‘ a big corruption scam ’.

Shivakumar said “ There’s no need for anyone demanding( resignation), we — myself, Chief Minister, and Home Minister have spoken to the Minister( Nagendra). He has clarified that he’s not involved in anything; still, he doesn’t want to produce embarrassment for the party, so he offered to resign from the Ministership freely.

I believe that moment he’ll abdicate from this post( abdication). ” “ The Chief Minister before in the day, Chief Minister Siddaramaiah before said he’ll take a decision on seeking abdication of Nagendra, after talking to the Special Investigation Team( SIT) formed to probe themulti-crore fiddle , and agitating with elderly Cabinet associates.

The case of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd came to light regarding the rotation of fake currency notes after the accounts supervisor of the establishment, Chandrashekhar P, committed self-murder on May 26 and left behind a self-murder note.

The note easily bared how ₹ 187 crore of the state- run Corporation plutocrat, which comes under the executive control of Nagendra’s department, has been transferred from its bank account and further, from it, ₹ 88.

It stated that around Rs 62 crore was transferred to other accounts which are allegedly of “ known ” IT companies and a collaborative bank in Hyderabad.

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