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Karnataka Minister B Nagendra has resigned following allegations of illegal money transfer involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd.
The illegal transfer came to light following the suicide of accounts superintendent Chandrashekhar P on May 26. His death note revealed the unauthorized transfer of Rs 187 crore, with Rs 88.62 crore moved to various accounts, including those of prominent IT companies and a Hyderabad-based cooperative bank.
The Union Bank of India has suspended three officials and filed a formal complaint with the CBI, which is now investigating. The state government has also formed an SIT, led by ADGP Manish Kharbikar, to conduct a parallel probe.
A delegation of BJP leaders led by its state President B Y Vijayendra and Leader of Opposition in the Assembly, R Ashoka that petitioned the Governor, urged him to seek the Chief Minister's and Nagendra's resignation.
Vijayendra alleged that the scam could not have happened without the approval of the Finance department, which is held by the Chief Minister, and demanded his resignation as well.
Source: Money laundering case: Karnataka minister B Nagendra tenders resignation