Overview
- The order covers four immovable assets, including residential and commercial land and buildings, belonging to the Congress MLA.
- The action stems from an investigation into alleged diversion of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation funds.
- Investigators report that remaining proceeds of crime appear “exhausted” or “concealed,” prompting preservation of assets of equal value.
- The ED opened its case after FIRs by the Karnataka Police and the CBI, following searches across Karnataka and other states.
- In earlier steps, the agency attached about ₹4.94 crore from other accused and filed a prosecution complaint naming 25 people; Nagendra was arrested in 2024 and is on bail.