Five men get jail term for misusing govt funds in Karnataka
A special CBI court here has sentenced five men to seven years rigorous imprisonment each and fined them over ₹5 crore in total for misappropriation of funds belonging to a Karnataka government body.
A special CBI court here has sentenced five men to seven years rigorous imprisonment each and fined them over ₹5 crore in total for misappropriation of funds belonging to a Karnataka government body.
In the verdict pronounced on September 8, Judge Santosh Gajanan Bhat convicted five persons and fined them a total of ₹5,02,75,000.
{{^htLoading}} {{/htLoading}}
In the verdict pronounced on September 8, Judge Santosh Gajanan Bhat convicted five persons -- Kebballi Anand, H S Nagalingaswamy, Chandrashekar, H K Nagaraja and K B Harshan -- and fined them a total of ₹5,02,75,000.
Of this, ₹5.02 crore will be paid as compensation to Mandya Urban Development Authority (MUDA) which these five men cheated and the remaining will be forfeited to the state. If they default in paying the fine, the convicts will spend another two years in prison.
Based on the orders of the Government of Karnataka, the CBI and Anti-Corruption Bureau (ACB) had registered the case on March 18, 2014. The five men were released on bail on July 22, 2015.
They had been charged under various sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. Kebballi Anand is in the iron ore business with a registered company named A R Logistics.
{{/usCountry}}
{{#usCountry}}
They had been charged under various sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. Kebballi Anand is in the iron ore business with a registered company named A R Logistics.
{{/usCountry}}
Nagalingaswamy is the CEO of Future Farm & Estates, Chandrashekar is the proprietor of Akash Enterprises, a real estate firm; Nagaraja is a first division assistant in MUDA, and Harshan is an employee of Anand.
In the case, all five men fraudulently filled vouchers and cheques, and then misappropriated five cheques amounting to ₹1 crore each issued by the then Commissioner of MUDA in favour of Indian Bank, Mandya branch to invest in the authority's name.
The five men had conspired to deposit the money in the account of Akash Enterprises instead and caused a loss of ₹5 crore to MUDA, the court said.
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.
Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.
Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.
