Bengaluru: The Enforcement Directorate (ED) has attached property worth Rs. 1.1 crore belonging to former CNNL (Cauvery Neeravari Nigam Limited) MD T.N. Chikkarayappa in connection with a corruption case.
The ED, in a press statement, said that Chikkarayappa has been accused of alleged acquisition of property worth Rs. 5.33 crore beyond his known sources of income. Chikkarayappa has been charged with acquiring immovable properties in the name of his known persons (benami transactions), out of ill gotten money (money-laundering) and subsequently transferring these properties to the name of his kith and kin. The then ACB, now Lokayukta, Bengaluru, had registered an FIR against Chikkarayappa in connection with money-laundering. Later, the ACB had also submitted the charge-sheet against the former CNNL MD under various Sections of IPC and Prevention of Corruption Act. Following registration of the case, the ED had conducted a probe and subsequently attached properties worth Rs. 1.1 crore belonging to him.
