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Minister charged with cheating bank of Rs 5 cr

For the Yeddyurappa ministry, it's been an unending series of embarrassments in the past few months. After the land scandal involving
former housing minister Es En Krisnaiah Setty and the bribery scam legislator Y Sampangi was mired in, it's the turn of social welfare minister D Sudhakar to leave the BJP government red-faced.

Sudhakar and two others have been chargesheeted by the CBI for allegedly cheating a bank to the tune of Rs 5.5 crore between 2003 and 2006. Sudhakar, a partner of Trishul Enterprises and director of Seven Hills Properties, along with G M Ramesh and K V Hanumappa Reddy, had allegedly colluded with MTV Reddy, a former chief manager of the State Bank of Mysore's Gandhinagar branch, to secure loans in the names of employees of various companies by producing forged documents.

They also produced inflated salary slips and forged IT returns of employees working for HAL, BMTC, KSRTC and other government organizations. An internal investigation by the vigilance wing of the Special Purpose Branch of the SBM revealed the fraud in 76 housing loans following large-scale complaints of default.

The chargesheet was filed on August 13 before a CBI court here. The minister and the three others have been charged with criminal conspiracy, criminal breach of trust, cheating by impersonation, and forgery of security against the loans.

The opposition Congress on Thursday demanded the dismissal or resignation of social welfare minister D Sudhakar for his alleged involvement in a forgery scandal.

"Chief minister B S Yeddyurappa, who professes to be transparent in all his businesses should drop the minister or ask him to resign to make the investigation free and fair," said KPCC working president D K Shiva Kumar.

Expressing similar views, opposition leader in the legislative Council V S Ugrappa said: "If the CM has faith in democracy and law of land, he should either dismiss Sudhakar or ask him to tender his resignation."

Source: TOI


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