Ex-Karnataka Minister Nagendra convicted in cheque bounce case, fined Rs 1.25 cr
Bengaluru, Apr 9 (PTI): A court here has convicted former Karnataka Minister B Nagendra in a cheque bounce case and imposed a fine of Rs 1.25 crore.
The 42nd Additional Chief Judicial Magistrate, K N Shivakumar, has ordered Nagendra and two others to pay the fine amount, failing which they will face a one-year jail term.
The case stems from a long-standing financial dispute dating back to 2013 between VSL Steels Limited and BC Infrastructure and Resources Company—a firm jointly owned by Nagendra and Anil Rajashekar Chundur Bhaskar.
The court had earlier ruled that the firm owed Rs 2.53 crore to VSL Steels. As part of the settlement, a cheque for Rs 1 crore was issued.
However, when the cheque bounced in 2022, VSL Steels Limited initiated legal proceedings.
After examining the evidence, the court imposed a penalty of Rs 1.23 crore, directing that Rs 10,000 of this amount be paid by the government to the complainant.
The court has made it clear that failure to comply with the order will lead to imprisonment.
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Allen, Raghuvanshi, Green power KKR to 29-run win over GT
Kolkata (PTI): Finn Allen blasted a 35-ball 93, while Angkrish Raghuvanshi hit an unbeaten 44-ball 82 as Kolkata Knight Riders kept their playoff hopes alive with a 29-run win over Gujarat Titans in the IPL match here on Saturday.
Sent in to bat, Allen went on a six-hitting spree, smashing 10 maximums and four boundaries to add 95 off 41 balls with Raghuvanshi (82).
Raghuvanshi then shared another 108 off 53 balls with Cameron Green (52 not out) to power KKR to a challenging 247 for 2.
In reply, GT could manage 218-4, riding on skipper Shubman Gill's 49-ball 85 and a 35-ball 57 from Jos Buttler. Opener Sai Sudarsan was retired hurt but returned to make a 28-ball 53 not out.
Sunil Narine (2/29) claimed two wickets and Saurabh Dubey snapped one for KKR.
For GT, Mohammed Siraj (1/50), Sai Kishore (1/38) were the wicket-takers.
Brief Score:
KKR: 247 for 2 in 20 overs (Finn Allen 93, Angkrish Raghuvanshi 82 not out, Camero Green 52 not out; Mohammed Siraj 1/50).
GT: 218 for 4 in 20 overs (Shubman Gill 85, Sunil Narine 2/29).
