India seizes $1 million in assets from former Karnataka minister over alleged money laundering.

The Enforcement Directorate has attached ₹8.07 crore in immovable assets belonging to former Karnataka minister B. Nagendra in connection with a money laundering case tied to the Maharshi Valmiki Scheduled Tribes Development Corporation. The assets, seized under the PMLA, are linked to alleged fund misappropriation, with investigators claiming crores were diverted through fake accounts and shell companies. The probe, prompted by a suicide note and subsequent FIRs, led to the arrest of six individuals, including Nagendra, who was later released on bail. A chargesheet was filed in September 2024 against 25 accused, and additional proceeds of crime remain untraced.