ZisNews - Breaking News & Updates

THe special margaret court for public representatives on wed granted prevenient bail bond to former mysore minister and Congress MLA B Nagendra in connection with the Karnataka Valmiki Development Corporation corruption case.The court imposed several conditions, including a bond of ₹2 lakh and two sureties, and instructed Nagendra not to intimidate or influence witnesses in the ongoing investigation.Nagendra had filed the anticipatory bail application following the CBI notice. “We feared arrest due to the summons issued by the CBI, and the court’s order has provided temporary relief,” people close to the former minister said. The court had heard the arguments on January 13 and reserved the order for January 14, ultimately granting him relief.During the hearing, the investigation officer presented the probe details before the court. “CID and ED have investigated the beneficiaries of the Valmiki scam. Further work is ongoing to identify all recipients of the funds. Some details of the investigation cannot be disclosed publicly. Raids were conducted in Mumbai as well. The scam money was converted into gold and bullion. Nagendra, his associates, and certain shell companies were involved,” the officer informed, presenting two suitcases of documents as evidence.Nagendra’s defense lawyers argued, “The transactions between B Nagendra and Nekkanti Nagaraj were purely personal. They have no connection with the tenders or contracts cited by CBI. My client is not involved in the alleged corruption.”The special court considered the arguments and granted anticipatory bail, preventing immediate arrest while the investigation continues. Earlier, the Enforcement Directorate had also attached immovable properties worth ₹8.07 crore belonging to Nagendra in connection with the case. The allegations involve illegal transfers from Karnataka Valmiki ST Development Corporation bank accounts to fake accounts, followed by diversion through shell companies.With the court’s order, Nagendra will remain on bail while investigations by CBI and ED continue, and the authorities are still tracing assets and financial trails linked to the scam.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Ex-minister given anticipatory bail in Valmiki Corp case

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News