Bengaluru, Oct 15: Chief Minister Siddaramaiah on Tuesday said the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation, where misappropriation of funds was reported earlier this year, will face no shortage of funds.

"The misappropriation of funds in the Valmiki Corporation should not be a reason for any shortage of funds for the tribal development," Siddaramaiah told reporters after a meeting on tribal development.

The government will sanction the funds to the Corporation as announced in the Budget in February this year, he said.

Siddaramaiah said there was misappropriation of funds to the tune Rs 89.63 crore, out of which Rs 71.54 crore has been recovered.

The ED had earlier arrested Congress MLA B Nagendra and five other key accused during its probe into the 'scam' at the Corporation.

ALSO READ: Rains throw normal life out of gear in Bengaluru, parts of Karnataka

Nagendra was granted bail by the Special Court for People's Representatives here on Monday.

He had resigned as the Scheduled Tribes Welfare Minister in June following allegations of his involvement in the 'scam.'

The ED said last week Nagendra has been identified as the primary accused and mastermind behind the scam, allegedly orchestrating it with the help of 24 others.

The ED had said its investigation revealed that under the influence of Nagendra, the account of the corporation was moved to the MG Road Branch without any proper authorisation, where Rs 187 Crore, including Rs. 43.33 Crore from the State Treasury under the Ganga Kalyana Scheme, were deposited without following proper procedures and in violation of government guidelines.

“These funds were subsequently siphoned off through multiple shell accounts and converted into cash and bullion. ED investigation also revealed that an amount of Rs. 20.19 Crore of the diverted funds was used to support a candidate contesting the 2024 Lok Sabha election from the Bellary constituency, as well as for the personal expenses of B. Nagendra,” the federal probe agency added.

Get all the latest, breaking news from Karnataka in a single click. CLICK HERE to get all the latest news from Karnataka.

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, Oct 15: Karnataka Revenue Minister Krishna Byre Gowda on Tuesday said that National Disaster Response Force and State Disaster Response Force personnel have been deployed in the city following heavy rain forecast.

He said Fire and Emergency Services have also been placed on standby for immediate response.

"I have advised BBMP (Bruhat Bengaluru Mahanagara Palike to be on high alert. We have already deployed about 60 NDRF/SDRF personnel in Bengaluru and redeploying another 40 to be on stand by for any necessity. We have put Fire and Emergency Services on stand by for immediate response," the Minister said in an online post.

ALSO READ: Holiday declared for Bengaluru schools on Wednesday due to heavy rain forecast

The Bengaluru District administration has declared a holiday for schools for tomorrow.

Incessant rains since early Tuesday threw normal life out of gear in central and southern parts of Karnataka, including the state capital Bengaluru where several localities witnessed water-logging and traffic congestion.

Get all the latest, breaking news from Karnataka in a single click. CLICK HERE to get all the latest news from Karnataka.