CBI FILES A CHARGESHEET AGAINST THE THEN CHIEF MINISTER OF KARNATAKA, CERTAIN PRIVATE COMPANIES AND OTHERS FOR ALLEGED ABUSE OF OFFICIAL POSITION AND CORRUPTION

 

Press Release

New Delhi ,16.10.2012

 

         

           The Central Bureau of Investigation has filed a charge sheet in the Court of Special Judge for CBI Cases, Bangalore against a former Chief Minister of Karnataka; his two sons; his son-in-law; a former Minister in the Govt of Karnataka;  the then CEO & then Sr. Vice President of a Bellary-based Private Steel Company; a Shimoga-based Trust and five Bellary-based Private Companies U/s 120-B r/w 109, 420, 468, 471 IPC; Sec.7, 9, 11, 12, 13(2) r/w 13(1)(d) of PC Act, 1988 and Sec.9 r/w Sec.4 of Karnataka Land (Restriction on) Transfer Act.

 

           The CBI had registered a criminal case against former Chief Minister of Karnataka and others in pursuant to the directions given by Hon’ble Supreme Court of India on 11.5.2012 .

 

           During investigation it was revealed that the accused persons allegedly hatched a criminal conspiracy during 2006 – 2010, and pursuant to the said conspiracy, two sons and a son-in-law of the then Chief Minister Karnataka purchased land for Rs.40 lakhs which was notified for acquisition by the Govt. of Karnataka by violating various laws. The said land was de-notified from acquisition by the then Chief Minister by allegedly abusing his official position in violation of various Government rules. Further, the same land was sold at an exorbitant rate of Rs.20 crores to a Bellary-based Private group of companies even though the guidance value of the land was Rs.1.5 crores. Investigation has also revealed that the said amount of Rs.20 crore was allegedly a cover up to the illegal gratification received from the Bellary-based Private company as a quid-pro-quo for not insisting for the recovery of Rs.890 crores from the same Company, which is the loss caused to a Govt.of Karnataka PSU by a joint venture with the same Private steel company. Further, it is revealed that the said Bellary-based Private Company has allegedly paid through its sister companies, a sum of  Rs.20 crores as a donation to the Trust run by the kin of the then Chief Minister.

 

           After a thorough investigation, a charge sheet has been filed.

 

            The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it.  Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.

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