Valmiki Corporation scam: Former Karnataka minister B Nagendra granted bail by Bengaluru court

Former Karnataka Minister B Nagendra received bail from a Bengaluru court after resigning amidst an alleged scam involving the Maharishi Valmiki Corporation. The Enforcement Directorate has accused Nagendra and others of masterminding a multi-crore money laundering scam. An investigation revealed unauthorized transfers, diverting Rs 89.62 crore into fake accounts and shell entities, raising serious allegations of corruption.