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The CBI probe unearthed a meticulously planned conspiracy involving Nagendra, his close associate Nekkanti Nagaraj and Padmanabha JG, MD of KMVSTDCL.

ED initiated investigation on the basis of various FIRs registered by Karnataka police and Bank Securities & Fraud Branch (BS&FB), CBI, Bengaluru, in connection with offences related to misuse/ divers ...

He resigned as minister after his name cropped up in the ST Corporation scam and the Directorate of Enforcement (ED) too arrested him in the case.

The complainant, VSL Steels Limited, had a financial dispute with the trio since 2013, who are partners in BC Infrastructure and Resources.

The commission, which resumed its hearing on Wednesday, grilled Nagendra Rao for over three hours by posing over 120 questions.

The Ballari MLA has been reportedly charged with spending funds to the tune of Rs 20 crore during the last Lok Sabha election in his constituency.