Valmiki scandal investigation to CBI

Bangalore: Former minister Nagendra has another big shock over the multi -crore scam of the Valmiki corporation. The High Court has ordered the handing over the investigation into the illegal money laundering case held at the Maharishi Valmiki Scheduled Tribes Development Corporation.

CBI has been investigating the bank issue so far. Lawmakers Basanagowda Patil Yatnal, Ramesh Jarakiholi, former MLAs Arvind Limbayavali and Kumar Bangarappa have filed a writ petition seeking a comprehensive investigation by the CBI. Justice M Nagaprasan, who has now validated the application of BJP leaders, has ruled out the SIT investigation of the scandal and handed over a significant verdict to CBI.

Where was the transfer?

187 crore in Valmiki Development Corporation. It was revealed that the money was illegally transferred. 94 crore to Hyderabad Bank, ie, to First Bank of Hyderabad, at Rs 187 crore. First Bank’s filling was transferred to 18 fake accounts of Rs 94 crore. All this was transferred as instructed by former minister Nagendra’s aide Nekkanti Nagaraj and Andhra Pradesh Nageshwar Rao.

The transfer of the transfer was thus left by the intermediary Satyanarana Verma. 94 crore was transferred from these 18 fake accounts to other accounts. Net Banking, RTGS, Phone Pay, Google Pay, the money was distributed by Nekkanti Nagaraj and Nageshwar Rao with Satyanarayana Verma.

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