<p>Bengaluru: In a major breakthrough in the investigation into the Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scam, the Special Investigation Team seized 16 kg gold and Rs 2.5 crore from two accused.</p>.<p>Top SIT sources told <em>PTI</em> on Saturday that the raid was recently carried out and 15 kg gold was found from Satyanarayana Varma’s house.</p>.<p>Varma had also confessed that he had purchased the ultra-luxury Lamborghini car with the money obtained from the crime.</p>.Karnataka High Court directs authorities to admit swimmer Siri Srikanth to MBBS under sports quota.<p>SIT sources said one kg of gold was found from Kaki Srinivas Rao.</p>.<p>Both were arrested earlier this month as the investigation intensified.</p>.<p>This apart, Rs 2.5 crore cash was also recovered from a builder, whom Varma had allegedly paid to purchase a luxurious flat.</p>.<p>"The builder was contacted and he immediately returned the amount, which has been seized," the sources added.</p>.<p>Valmiki Corporation scam is said to involve about Rs 187.33 crore where the money kept in different accounts including Rs 40 crore in the government treasury was diverted towards the Union Bank of India’s MG Road branch.</p>.<p>Of the Rs 187.33 crore, Rs 88.63 crore was illegally transferred to at least 217 different bank accounts in Telangana including 18 firms.</p>.Leopard sighting sparks fear among people in Manipal and Perampalli in Karnataka.<p>Former Minister B Nagendra, who was arrested by the Enforcement Directorate, is in the judicial custody in connection with the case.</p>.<p>The scam came to light after the Accounts Superintendent of the Corporation Chandrasekharan P died by suicide.</p>.<p>In his suicide note, he had explained in detail how the money was transferred and the role of the Corporation and the bank officials in the scam.</p>.<p>The opposition BJP has accused the ruling Congress of being involved in the scam. They have alleged that the transfer of money could not have happened without the knowledge of Chief Minister Siddaramaiah.</p>.<p>The Chief Minister has rubbished the allegation and said he had no information about it. </p>
<p>Bengaluru: In a major breakthrough in the investigation into the Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scam, the Special Investigation Team seized 16 kg gold and Rs 2.5 crore from two accused.</p>.<p>Top SIT sources told <em>PTI</em> on Saturday that the raid was recently carried out and 15 kg gold was found from Satyanarayana Varma’s house.</p>.<p>Varma had also confessed that he had purchased the ultra-luxury Lamborghini car with the money obtained from the crime.</p>.Karnataka High Court directs authorities to admit swimmer Siri Srikanth to MBBS under sports quota.<p>SIT sources said one kg of gold was found from Kaki Srinivas Rao.</p>.<p>Both were arrested earlier this month as the investigation intensified.</p>.<p>This apart, Rs 2.5 crore cash was also recovered from a builder, whom Varma had allegedly paid to purchase a luxurious flat.</p>.<p>"The builder was contacted and he immediately returned the amount, which has been seized," the sources added.</p>.<p>Valmiki Corporation scam is said to involve about Rs 187.33 crore where the money kept in different accounts including Rs 40 crore in the government treasury was diverted towards the Union Bank of India’s MG Road branch.</p>.<p>Of the Rs 187.33 crore, Rs 88.63 crore was illegally transferred to at least 217 different bank accounts in Telangana including 18 firms.</p>.Leopard sighting sparks fear among people in Manipal and Perampalli in Karnataka.<p>Former Minister B Nagendra, who was arrested by the Enforcement Directorate, is in the judicial custody in connection with the case.</p>.<p>The scam came to light after the Accounts Superintendent of the Corporation Chandrasekharan P died by suicide.</p>.<p>In his suicide note, he had explained in detail how the money was transferred and the role of the Corporation and the bank officials in the scam.</p>.<p>The opposition BJP has accused the ruling Congress of being involved in the scam. They have alleged that the transfer of money could not have happened without the knowledge of Chief Minister Siddaramaiah.</p>.<p>The Chief Minister has rubbished the allegation and said he had no information about it. </p>