8 months, 3 weeks ago

ED Raids in Valmiki Development Corporation Case Unwarranted: D K Shivakumar

Karnataka Deputy Chief Minister D K Shivakumar has termed the Enforcement Directorate raids in the Valmiki Development Corporation case as unwarranted. The ED on Wednesday conducted searches at multiple places allegedly linked to former Karnataka Minister B Nagendra and MLA Basanagouda Daddal in connection with the illegal money transfer case in the state-owned corporation. The raids were carried out in Bengaluru, Raichur and Ballari as part of the probe into the alleged unauthorised transfer of Rs 187 crore belonging to the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation from its bank accounts. Speaking to reporters at the Nonavinakere Kadasiddeshwara mutt in the district, he said, ”When the SIT set up by the State government is already investigating the case, there was no need for the ED to raid in the case.” Asked about ED raids on several places, including the residence of former minister Nagendra, the DCM said, ”It involves huge amounts of money and hence banks have the authority to investigate the case.

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