Bagalkote: The Criminal Investigation Department (CID) has been tasked with investigating a significant financial fraud involving the illegal transfer of funds from five different government departments’ accounts at IDBI Bank in Bagalkote.
Following instructions from District In-charge Minister R.B. Thimmapura, the case was handed over to the CID. District Superintendent of Police Amarnath Reddy confirmed that all relevant documents would be transferred to the CID shortly.
The most substantial amount, ₹2.47 crore, was illicitly transferred from the Tourism Department’s account to the personal accounts of bank employees and their acquaintances. In total, ₹6.08 crore was siphoned off, including ₹79.75 lakh from the Minority Welfare Department, ₹86.40 lakh from the Panchayat Raj Department, ₹17.81 lakh from the Handloom and Textile Department, and ₹1.76 lakh from the Backward Classes Welfare Department.
Eighteen individuals, including the primary suspect Suraj Sagar, have been arrested in connection with the fraud. The CID will now take over the investigation to unravel the extent of the scam and bring the perpetrators to justice.