4 months ago
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The High Court of Karnataka connected Thursday ordered contented of announcement to Ballari Rural MLA and erstwhile Minister B. Nagendra connected a petition filed by the Central Bureau of Investigation (CBI), which sought cancellation of anticipatory bail granted by the peculiar tribunal successful a fraud lawsuit involving the alleged misappropriation of implicit ₹89 crore of the State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd.
Justice S. Sunil Dutt Yadav, who heard the CBI’s petition, adjourned further proceeding till January 29 asking the probe bureau to service announcement connected Mr. Nagendra.
The Special Court of Sessions for Criminal Cases against Former and Present MPs and MLAs had connected January 14 granted anticipatory bail by observing that the CBI did not nutrient materials to amusement that Mr. Nagendra was progressive successful assorted misappropriation of funds oregon connected request of his custodial interrogation adjacent though helium had responded to respective notices issued to him by the CBI.
Women and ornaments
CBI’s advocator P. Prasanna Kumar told the tribunal that the definite funds from Valmiki corporation’s slope relationship were transferred to the accounts of 2 women successful Mumbai, who successful crook purchased ornaments from that money. Mr. Nagendra, who was past the Minister for Scheduled Tribes Welfare, Youth Empowerment and Sports, had overnight met these women successful Mumbai.
Stating that Mr. Nagendra was non-cooperative for the probe, the CBI said that assistance of anticipatory bail to him had hindered the High Court-monitored probe, it was argued, portion pointing retired that the CBI was besides required to taxable regular presumption study connected the probe into the case. The peculiar tribunal erred successful its uncovering adjacent though the CBI had submitted probe materials earlier it, the High Court was informed.
Case background
The CBI is probing the lawsuit connected a ailment lodge by the Union Bank of India connected the alleged engagement of its unit successful the alleged fraud and the scope of the probe was expanded by the High Court successful July 2025, allowing the CBI to probe the diversion of funds of the Karnataka German Technical Training Institute, Bengaluru, and the diversion of astir ₹2.17 crore of the Valmiki corp done an relationship maintained with the Bank of Baroda.
