Valmiki Corporation fraud: Alleged perpetrator behind fake account arrested
Hyderabad: In a significant development, the Special Investigation Team (SIT) officials have apprehended the individual allegedly responsible for opening a fraudulent account linked to the Valmiki Corporation embezzlement case. Identified as Satyanarayana Verma, the accused was taken into custody in Hyderabad after being found to have initiated 18 bank accounts under various company names.
Reportedly, funds from Valmiki Corporation were illicitly channeled into all 18 bank accounts associated with the arrested individual. During the operation, authorities seized a substantial amount of evidence, including 16 kilograms of gold and ₹10 crores in cash.
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The SIT officials will be transporting Satyanarayana Verma to Bengaluru for further legal proceedings.
The embezzlement case pertains to the unauthorized transfer of ₹94.73 crores into 18 accounts linked to Valmiki Corporation. Following the detection of these suspicious transactions, the state government constituted an SIT to conduct a thorough investigation.
Notably, former Managing Director Padmanabha, Accountant Parasuram, and Nagaraj Nekkunti who is said to have close connection with Minister B. Nagaraj, Nageshwar Rao have all been arrested by the SIT in connection with this case.
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US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
