Sudhakar diverted loans: CBI

Sudhakar diverted loans: CBI

The accused also did not develop any layout or construct buildings, in violation of the agreement entered into with the ‘non-existing borrowers.’

This bit of information was conveyed by the CBI in a reply to information sought under the RTI Act by former MP P Kodandaramaiah. He had sought replies for nine queries under the Act on August 18. The CBI replied to his application within two days.

Addressing a press conference in Bangalore on Friday, Kodandaramaiah demanded that the chief minister should dismiss Sudhakar from the Cabinet. He said Sudhakar had no moral right to continue in office following the CBI filing charge sheet against him for his alleged role in the housing scam.

The charge sheet states that Sudhakar and two others, using the forged documents with the help of the then chief manager of the State Bank of Mysore (SBM) M T V Reddy in Bangalore cheated the bank to the tune of Rs 5.50 crore by getting sanctioned 76 bogus housing loans to ‘non-existing employees’ of reputed organisations in Karnataka.

Kodandaramaiah, who also hails from Chitradurga, the home district of the minister, charged that Sudhakar had furnished false caste certificate in order to get his cousin Venkatesh elected as Challakere TMC President under BC(A) category, five years back.

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