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CBI raids about 16 premises in Valmiki Corporation scam
Millennium Post Delhi
|New Delhi 16September2025
Probe uncovers diversion of more than Rs 87 cr govt funds
The case involves misappropriation of government money from the bank accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited (KMVSTDCL), a state undertaking, to the personal accounts of the then Minister for Scheduled Tribe Welfare, B Nagendra's, associates and relatives.
The case was filed on June 3, 2024, on a complaint made by Union Bank of India's Deputy General Manager alleging fraudulent transactions and embezzlement of Rs 84.63 crore between February 21 and May 6, 2024.
This story is from the New Delhi 16September2025 edition of Millennium Post Delhi.
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