The Valmiki Corporation scam was a major Indian financial fraud scam involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation (KMVSTDC) that occurred in 2024.[1]
The scam was discovered after the suicide of 52-year-old corporation superintendent Chandrasekaran P. who left behind a suicide note detailing corruption and involving several officials. ₹8.8 crore out of ₹18.7 crore Indian Rupees (INR) earmarked for the projects of 2024-25 were transferred to an unauthorized account of the Union Bank of India MG Road branch without the notice of the corporation chairman. On February 26, 2024, the bank transferred ₹88 million from the corporation's account to different accounts with the signatures of the corporation's managing director and accountants.
The Indian Special Investigation Team (SIT) said that the money was transferred to First Finance Credit Cooperative Society, and later transferred online to different accounts and the money was withdrawn by many people.[2]
- ^ "Valmiki Corporation scam: BJP to hold statewide protest demanding Karnataka CM's resignation". The Economic Times. 2024-06-27. ISSN 0013-0389. Retrieved 2024-07-03.
- ^ Bureau, The Hindu (2024-05-30). "Valmiki corporation scam: BJP ups ante for Minister's resignation". The Hindu. ISSN 0971-751X. Retrieved 2024-07-04.
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