logo
Ready to cooperate with probe, says Karnataka home minister Parameshwara after ED raids

Ready to cooperate with probe, says Karnataka home minister Parameshwara after ED raids

Hindustan Times22-05-2025
BENGALURU: Karnataka home minister G Parameshwara on Thursday said he will extend his complete cooperation to the Enforcement Directorate (ED) which has been carrying out searches at 16 locations, including educational institutions linked to him.
Among the premises raided by ED on Wednesday were the Sri Siddhartha Institute of Technology, Siddhartha Medical College in Tumakuru and Siddhartha Medical College in Begur, as well as the Sri Siddhartha Academy of Higher Education, a deemed-to-be university. Parameshwara is the chancellor of the deemed-to-be university to which the colleges are affiliated.
According to ED officials, their probe has revealed the trust which runs the institutions had paid ₹40 lakh to clear Kannada actor Ranya Rao's credit card bills.
Rao, the step daughter of former DGP Murlidhar Rao, was arrested from Bengaluru international airport on March 3 with 14.2 kilograms of gold bars estimated to cost ₹12.56 crore. She was recently granted bail after the investigating agency failed to file a charge sheet within the statutory deadline but continues to be in custody under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (Cofeposa).
Parameshwara said the central agency has sought financial records for four to five years.
'I have asked the staff to co-operate and provide them with whatever documents or details they asked for related to the institution. Obviously, they have questioned the staff in our accounts section,' Parameshwara told reporters on Thursday.
'Whatever comes out of their verification or search or whatever you call it, I am ready to cooperate. I have told the same to our staff. Because it is an institution. It is not an individual,' he added.
Parameshwara declined to comment on allegations that the trust had spent ₹40 lakh to pay Ranya Rao's credit card bills. 'I don't want to comment at this point of time,' he said. 'Let the investigation get completed. They must give us a report. I don't want to react.'
Some Congress leaders speculate that Parameshwara was being targeted because he was seen as a potential candidate for the chief minister's post. Parameshwara declined to comment on the political angle, stating, 'There will be a time when I will come out and talk about it. At this point, no comments.'
Deputy chief minister DK Shivakumar, who met Parameshwara on Thursday, downplayed the allegations.
Shivakumar said the minister had informed him that he had given a gift at the time of Ranya Rao's wedding. 'I just spoke to Parameshwara, there was a marriage (ceremony), we are in public life, we run institutions. As a gesture to people we know, we give lots of gifts, we give Re 1, ₹10, ₹10 lakh, ₹5 lakh. I think he might have also given a gift. It was a wedding, nothing wrong in it,' Shivakumar said.
The deputy chief minister said public figures often meet hundreds of people and are not always aware of their personal dealings. 'Whatever activities done by that lady is a personal issue, the law will take its course. As far as Parameshwara is concerned, we meet thousands of people, we don't know who does what. We don't want to interfere with the law and ED,' he added.
BJP leader and former minister R Ashoka said the Siddhartha institutions were under scrutiny due to suspected financial ties to gold smuggling operations. 'It is established in the investigation that the gold was brought here and given to many persons. They might have got the information on the gold smuggling money being invested in the Siddhartha Education institutions,' he said, demanding strict action against all those involved.
Ashoka also referred to ongoing investigations involving Congress leaders in other cases, and said those found guilty should face the consequences.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ED attaches assets linked to Indian convicted in the US of cryptocurrency fraud
ED attaches assets linked to Indian convicted in the US of cryptocurrency fraud

Hindustan Times

time7 minutes ago

  • Hindustan Times

ED attaches assets linked to Indian convicted in the US of cryptocurrency fraud

The Enforcement Directorate (ED) has attached assets worth ₹42.8 crore linked to an Indian serving a 60-month prison term in the US for a $20 million cryptocurrency fraud, his family and associated entities in Delhi, the agency said on Tuesday. The ED has estimated the conversion of crypto worth ₹ 600 crore. (X) The agency said it launched an investigation after learning that Chirag Tomar was arrested in the US for stealing over $20 million through the use of fake or spoofed websites, mimicking the cryptocurrency exchange website Coinbase. It added that the trusted websites were spoofed in such a way by search engine optimisation that when they were searched, the spoofed one would appear at the top. 'The spoofed website appeared exactly similar to the trusted website except for the contact details. When the users would enter the login credentials, the spoofed website would show it wrong. Therefore, the users would contact the number given in the spoofed website, which would eventually connect them to the designated call centre managed by Chirag Tomar,' the ED said in a statement. 'Once the fraudsters gained access to the victim's accounts, the fraudsters quickly transferred the victim's cryptocurrency holdings to cryptocurrency wallets under their control. The stolen cryptocurrency would then be sold on various P2P crypto platforms and converted to INR [Indian rupees]. Subsequently, the money was transferred into the bank accounts of Chirag Tomar and his family members and used to buy immovable properties.' A US district judge in Charlotte (North Carolina) in October last year sentenced Tomar for stealing over $20 million from hundreds of victims. The US attorney said in October 2024 that Tomar used the funds for his lavish lifestyle, purchased expensive watches, luxury vehicles like Lamborghinis and Porsches, and to make trips to Dubai, Thailand, etc. Tomar was arrested at the Atlanta airport. in December 2023. He pleaded guilty in May 2024. The ED has estimated the conversion of crypto worth ₹600 crore at Indian exchanges. Tomar subsequently transferred the funds to the beneficiaries. On February 20, the ED carried out searches in Delhi, and Mumbai in the case.

ED raids ex-IAS officer, others in ₹105 crore SCERT 'fraud' case in Assam
ED raids ex-IAS officer, others in ₹105 crore SCERT 'fraud' case in Assam

The Hindu

time7 minutes ago

  • The Hindu

ED raids ex-IAS officer, others in ₹105 crore SCERT 'fraud' case in Assam

The Enforcement Directorate (ED) on Tuesday (August 5, 2025) carried out searches against retired IAS officer Sewali Devi Sharma and others in an alleged ₹105 crore scam in the Assam State Council of Educational Research and Training (SCERT), official sources said. At least eight premises connected with Sharma, a former executive chairman-cum-director of the SCERT, and some of her alleged associates were raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said. Also Read | ED conducts raids at premises linked to jailed Bihar cadre IAS officer Sanjeev Hans The money laundering case stems from a May 2023 FIR filed by the State police on the directions of the Assam CM's Special Vigilance Cell. She was arrested by the State police from Rajasthan a few days after filing of the complaint. Sharma was subsequently chargesheeted by police for alleged possession of disproportionate assets worth Rs 5.7 crore, according to the sources. The 1992-batch Indian Administrative Service (IAS) officer hailed from the Rajasthan cadre and was on deputation to Assam when alleged irregularities worth Rs 105 crore took place during her tenure in the SCERT between 2017 and 2020. Reports said she obtained bail in this case from the Supreme Court in March. The former bureaucrat could not be contacted immediately for a comment on the ED action. Sharma, according to sources, served as the Executive Chairman-cum-Director of Open and Distance Learning Cell (ODL) of the SCERT and was responsible for the implementation of the National Council for Teacher Education's (NCTE) two-year Diploma in Elementary Education programme. The state government had approved the creation of 59 institutions and the training of 27,897 teachers. However, in comparison, the ex-IAS officer is alleged to have opened 347 study centres and enrolled 1,06,828 trainees to "collect more funds." Sharma, the sources claimed, opened five bank accounts for the ODL Cell, where she was the "sole signatory" and this was in "violation" of government rules. Of the ₹115 crore she received in fees from individuals, she allegedly spent more than Rs 105 crore without obtaining financial sanction from the state government, the sources alleged. The expenditure was incurred for supplies and execution of works without following the rules and procedures and payments were released without complete supply of materials, and no work was done, they claimed. These contracts, as per ED's probe, were given to entities "owned or controlled" by associates or family members (son-in-law, daughter) of Sharma as well as to a chartered accountant named Sarang More, who was the auditor of the ODL Cell. The contracts were awarded "without" advertisements or invitations for tenders, as stipulated by the government for each procurement of above ₹5 lakh, sources alleged. Except for two parties, none had any experience in executing work orders awarded to them and payments were made "without" the required receipts or verification of actual supply, the ED claimed.

Assam: ED raids ex-IAS officer, others in Rs 105 cr SCERT 'fraud' case
Assam: ED raids ex-IAS officer, others in Rs 105 cr SCERT 'fraud' case

Time of India

timean hour ago

  • Time of India

Assam: ED raids ex-IAS officer, others in Rs 105 cr SCERT 'fraud' case

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Enforcement Directorate (ED) on Tuesday carried out searches against retired IAS officer Sewali Devi Sharma and others in an alleged Rs 105 crore scam in the Assam State Council of Educational Research and Training (SCERT), official sources least eight premises connected with Sharma, a former executive chairman-cum-director of the SCERT, and some of her alleged associates were raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources money laundering case stems from a May 2023 FIR filed by the state police on the directions of the Assam CM's Special Vigilance Cell. She was arrested by the state police from Rajasthan a few days after filing of the was subsequently chargesheeted by police for alleged possession of disproportionate assets worth Rs 5.7 crore, according to the 1992-batch Indian Administrative Service (IAS) officer hailed from the Rajasthan cadre and was on deputation to Assam when alleged irregularities worth Rs 105 crore took place during her tenure in the SCERT between 2017 and said she obtained bail in this case from the Supreme Court in former bureaucrat could not be contacted immediately for a comment on the ED according to sources, served as the Executive Chairman-cum-Director of Open and Distance Learning Cell (ODL) of the SCERT and was responsible for the implementation of the National Council for Teacher Education 's (NCTE) two-year Diploma in Elementary Education state government had approved the creation of 59 institutions and the training of 27,897 in comparison, the ex-IAS officer is alleged to have opened 347 study centres and enrolled 1,06,828 trainees to "collect more funds."Sharma, the sources claimed, opened five bank accounts for the ODL Cell, where she was the "sole signatory" and this was in "violation" of government the Rs 115 crore she received in fees from individuals, she allegedly spent more than Rs 105 crore without obtaining financial sanction from the state government, the sources expenditure was incurred for supplies and execution of works without following the rules and procedures and payments were released without complete supply of materials, and no work was done, they contracts, as per ED's probe, were given to entities "owned or controlled" by associates or family members (son-in-law, daughter) of Sharma as well as to a chartered accountant named Sarang More, who was the auditor of the ODL contracts were awarded "without" advertisements or invitations for tenders, as stipulated by the government for each procurement of above Rs 5 lakh, sources for two parties, none had any experience in executing work orders awarded to them and payments were made "without" the required receipts or verification of actual supply, the ED claimed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store