Valmiki Corporation scam: 16 kg gold, Rs 2.5 cr cash seized from accused persons
Bengaluru, Jul 27: In a major breakthrough in the investigation into the Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scam, the Special Investigation Team seized 16 kg gold and Rs 2.5 crore from two accused.
Top SIT sources told PTI on Saturday that the raid was recently carried out and 15 kg gold was found from Satyanarayana Varma’s house.
Varma had also confessed that he had purchased the ultra-luxury Lamborghini car with the money obtained from the crime.
SIT sources said one kg of gold was found from Kaki Srinivas Rao.
Both were arrested earlier this month as the investigation intensified.
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This apart, Rs 2.5 crore cash was also recovered from a builder, whom Varma had allegedly paid to purchase a luxurious flat.
"The builder was contacted and he immediately returned the amount, which has been seized," the sources added.
Valmiki Corporation scam is said to involve about Rs 187.33 crore where the money kept in different accounts including Rs 40 crore in the government treasury was diverted towards the Union Bank of India’s MG Road branch.
Of the Rs 187.33 crore, Rs 88.63 crore was illegally transferred to at least 217 different bank accounts in Telangana including 18 firms.
Former Minister B Nagendra, who was arrested by the Enforcement Directorate, is in the judicial custody in connection with the case.
The scam came to light after the Accounts Superintendent of the Corporation Chandrasekharan P died by suicide.
In his suicide note, he had explained in detail how the money was transferred and the role of the Corporation and the bank officials in the scam.
The opposition BJP has accused the ruling Congress of being involved in the scam. They have alleged that the transfer of money could not have happened without the knowledge of Chief Minister Siddaramaiah.
The Chief Minister has rubbished the allegation and said he had no information about it.
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MUDA case: Karnataka HC adjourns hearing till Dec 10
Bengaluru: The Karnataka High Court on Tuesday adjourned till December 10 the hearing on the plea seeking transfer of the investigation into the MUDA site allotment scam to the CBI. The plea was filed by activist Snehamayi Krishna doubting the credibility of Lokayukta investigation into the matter.
The petitioner told PTI that he approached the HC saying he has no faith in the Lokayukta police and hence the case should be handed over to the CBI.
In the MUDA case, it is alleged that compensatory sites were allotted to Chief Minister Siddaramaiah's wife in an upmarket area in Mysuru, which had higher property value as compared to the location of her land which had been "acquired" by the MUDA.
The MUDA had allotted plots to Parvathi under a 50:50 ratio scheme in lieu of 3.16 acres of her land, where it developed a residential layout.
Under the controversial scheme, MUDA allotted 50 per cent of developed land to the land losers in lieu of undeveloped land acquired from them for forming residential layouts. It is alleged that Parvathi had no legal title over this 3.16 acres of land at survey number 464 of Kasare village, Kasaba hobli of Mysuru taluk.
The Karnataka Lokayukta police and the Enforcement Directorate have launched an investigation into the 'scam'.
The CM has denied any wrongdoing in the alleged scam.
