1 week ago
Karnataka Probe Finds Rs 84.63 Crore Valmiki Corporation Transfer
Investigators are looking into money that was allegedly taken from the Valmiki Corporation.
They say Rs 84.63 crore was transferred illegally.
Officials have recovered most of that money in cash, gold and other assets.
About Rs 4.94 crore is still being searched for.
Several people connected to the corporation and a bank have been identified in the investigation.
Investigators also seized cars and other property.
The opposition wants former minister B Nagendra to resign.
The government says he was not named as an accused in the chargesheets and that the investigation is still continuing.
A preliminary investigation found that Rs 84.63 crore was allegedly transferred illegally through collusion involving corporation and bank officials.
Authorities have recovered Rs 79.68 crore in cash, gold and other assets, while Rs 4.94 crore remains to be traced.
Investigators seized Rs 16.83 crore in cash, 16.2546 grams of gold, jewellery and several vehicles.
The CID’s SIT filed preliminary and additional chargesheets on August 5, 2024, and November 10, 2025, respectively.
Deputy Chief Minister G Parameshwara said former minister B Nagendra was not named as an accused in either chargesheet.
- Who
- Officials of the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation, bank officials and other accused persons are under investigation; Deputy Chief Minister G Parameshwara announced the findings.
- What
- A preliminary investigation found an alleged illegal transfer of Rs 84.63 crore, with Rs 79.68 crore recovered so far.
- Where
- The matter was discussed in the Karnataka Legislative Assembly in Bengaluru.
- When
- The preliminary chargesheet was filed on August 5, 2024, and an additional chargesheet on November 10, 2025; the investigation remains ongoing.
- Why
- Investigators allege that corporation and bank officials colluded to divert the funds.
Government Position
Opposition Position
B Nagendra’s role
Government Position
Deputy Chief Minister G Parameshwara said B Nagendra was not named as an accused in either chargesheet and has not been convicted by a court.
Opposition Position
Opposition members are demanding B Nagendra’s resignation over the alleged financial irregularities and have repeatedly targeted him in the Assembly.
Assembly protests
Government Position
Parameshwara urged the Opposition to withdraw its protest and raise concerns through parliamentary and constitutional means, saying disruptions prevent debate on public issues.
Opposition Position
Opposition members have continued protests in the Assembly while pressing their demands over the case.
Key facts
- Alleged amount transferred
- Rs 84.63 crore
- Amount recovered
- Rs 79.68 crore in cash, gold and other assets
- Amount remaining
- Rs 4.94 crore
- Cash seized
- Rs 16.83 crore
- Gold seized
- 16.2546 grams of gold biscuits and jewellery
- Preliminary chargesheet
- Submitted on August 5, 2024
- Additional chargesheet
- Submitted before the Prevention of Corruption Act court on November 10, 2025
Sources
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