Bengaluru, Dec 2: The Central Bureau of Investigation will probe into the financial irregularities that took place in three cooperative banks in Karnataka, the state government said on Saturday.

In a post on 'X', Chief Minister Siddaramaiah said: "It has been approved to hand over the scams of Guru Raghavendra Cooperative Bank, Vasishtha Bank and Guru Sovereign Bank to the CBI."

Thousands of depositors had invested their lifetime savings in the bank, keeping their dreams like marriage of children, buying their own house as a basis for their retirement life. All of them are clueless about their future life due to bankers' fraud, the chief minister said.

"Even when I was the Leader of the Opposition earlier, I was vocal inside and outside the House and participated in protests to get justice for the defrauded depositors. Even then, it was our insistence that this case should be investigated by CBI," he stated.

"I have seen the frustration and suffering from those who have lost their deposit money. For this reason, I am handing over the case to the CBI with the intention of conducting a proper investigation and getting justice for all the victims," he added.

The government order said, "Government of Karnataka hereby accords sanction to the Central Bureau of Investigation, under Section (6) of Delhi Special Police Establishment Act,1946..."

The CBI will investigate the multi-crore fraud committed by the directors, chief executives and staff members of the management board of Sri Guru Raghavendra Co-operative Bank Limited, Bengaluru, Sri Vasista Credit Souharda Co-operative Limited, Bengaluru and Sri Guru Sarvabahuma Souharda Credit Co-operative, Bengaluru, the order said.

The agency will identify and investigate persons involved in connection with the alleged fraud.

Concerned officers and others have been asked to hand over the data, information and records as and when required by the CBI and provide place, resources, manpower and logistic support including Camp Office and vehicles to CBI in connection with the case, the order said.

Thousands of investors had time and again staged protests seeking justice but to no avail.

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



Bengaluru (PTI): Alleging a “criminal conspiracy” by BJP candidate D N Jeevaraj in the Sringeri Assembly poll recounting, Karnataka CM Siddaramaiah on Tuesday said the outcome was manipulated after valid postal ballot votes in favour of Congress leader T D Raje Gowda were tampered with during the recounting process.

Following a Karnataka High Court order on an election petition filed by Jeevaraj, challenging Raje Gowda’s election, the reverification and recounting were conducted on Saturday.

After the reverification and recount of postal ballots for the Sringeri Assembly constituency, votes polled in favour of Raje Gowda were reduced by 255, the returning officer said.

A report on the matter has been submitted to the Election Commission of India for further action, the officer added.

Congress leader Raje Gowda had won the 2023 Assembly polls from Sringeri by 201 votes, defeating his nearest rival Jeevaraj.

Addressing a press conference in Bengaluru, Siddaramaiah said the High Court had directed the recounting of postal ballots and that irregularities were noticed during the exercise conducted on May 2.

“This is a clear case of criminal conspiracy,” Siddaramaiah said, alleging that valid votes cast in favour of Raje Gowda were altered after being accepted by counting agents of all parties, including Congress, BJP, and JD(S).

He claimed that during the recounting of postal ballots, 255 votes were initially accepted as valid by all agents but were later tampered with by subordinate officials.

“There is a second mark on the votes polled in favour of Raje Gowda. They had accepted these as valid votes. Subsequently, another mark was made by officials. This is a clear case of criminal conspiracy,” he said.

When asked who was behind the alleged conspiracy, the CM replied, “It was hatched by Jeevaraj and others. It is planned.”

Siddaramaiah further alleged that the returning officer acted improperly by declaring the result despite the presence of an Election Commission observer during the recounting.

“Immediately after the counting, the returning officer announced the result. He should not have done so; this is against the law,” he said.

He pointed out that Raje Gowda had originally won by 201 votes, but after the recounting, the BJP candidate was declared the winner by 52 votes.

“The BJP has committed a criminal act of conspiracy. This is not vote chori but vote dacoity,” he alleged.

The CM said a police complaint had already been filed by Raje Gowda’s election agent, Sudhir Kumar, and emphasised the need for electoral integrity.

“We want transparency and free and fair elections. That is what our Constitution mandates,” he added.

Stating that the government would pursue legal remedies, Siddaramaiah said, “We are preparing an appeal challenging the returning officer’s announcement in a court of law.”

Responding to a separate query on elections in other states, the CM said there appeared to be an anti-incumbency factor in West Bengal, while results in Tamil Nadu were “surprising,” adding that Vijay’s party was emerging as the largest there.

Following the victory of party candidates in Bagalkote and Davanagere South, Siddaramaiah expressed confidence about future electoral prospects in Karnataka.

“Even in 2028, we will win the Assembly elections. We will come back,” the CM said.

Siddaramaiah added that he would order a forensic examination into the alleged tampering of postal ballots.