Illegal money transfer case: Karnataka CM Siddaramaiah to decide on seeking resignation of minister after SIT probe

BJP has sought a CBI probe into the alleged illegal money transfer case involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd and also demanded immediate dismissal of Nagendra from the Cabinet.

Also Read: BJP writes to Amit Shah, demands CBI probe, Minister Nagendra’s dismissal

‘SIT report yet to come’

“There is no threat or anything, I have not sought resignation (of Nagendra)… The SIT report has not yet come, it was constituted only a couple of days ago. Let’s see what they will give in their report. Once they submit their report we will take a decision,” Siddaramaiah told reporters in response to a question.

Asked whether he has sought any explanation from Nagendra, he said: “I have not yet asked. I will have to go through the preliminary report. After going through the report, we will decide.”

On BJP demanding the Minister’s resignation and giving an ultimatum to the government till 6 June for the same or else threatening a state-wide protest, the chief minister said: “Who are they to give us an ultimatum? The Opposition party is to protest against injustice, but they (BJP) won’t protest against injustice, they protest by speaking lies.”

Siddaramaiah and Deputy Chief Minister DK Shivakumar on Saturday said the government will not protect anyone in the case and will take action in accordance with the law, irrespective of whoever is involved.

Also Read: 6 officials of Union Bank of India booked in illegal money transfer case

Suicide note, Corruption allegations

The illegal money transfer came to light, after the accounts superintendent at the Corporation, Chandrashekhar P, died by suicide on 26 May, leaving behind a death note.

It revealed the unauthorised transfer of ₹187 crore belonging to the corporation from its bank account, and out of that ₹88.62 crore was illegally moved to various accounts allegedly belonging to “well-known” IT companies and a Hyderabad-based cooperative bank.Illegal money

In the six-page suicide note accessed by South First, he has levelled corruption allegations to the tune of ₹85 crore against the Corporation’s now suspenIllegal money ded Managing Director JG Padmanabh, accounts officer Parashuram G Durugannavar, and Union Bank of India Chief Manager Suchismita Rawal in the note, while stating that the “Minister” had issued oral orders for transferring the funds.

Two FIRs have been registered following Chandrashekar’s death. The first was against the three people named in his death note, and the second was against six bank officials for the alleged fraud.

Two days after the suicide of the government official, the Congress government, on 28 May, transferred the case to the Criminal Investigation Department (CID).

Of the two FIRs registered in connection with the incident, one was filed by the victim’s spouse Kavitha accusing abetment of suicide against the two officials of KMVSTDC and Union Bank of India’s employee before the Shivamogga’s Vinobanagar PS.

The second case is filed by KMVSTDC against the Union Bank of India, accusing them of funds being misused by the bank before the High Ground PS.

(With PTI inputs)