Overview
- The Special Court for People’s Representatives set bail at a ₹5 lakh personal bond with two sureties of the same amount, imposing travel limits and strict no‑tampering conditions.
- Veerendra was arrested on August 23 in Gangtok and had been lodged at Bengaluru’s Parappana Agrahara prison before walking free on Tuesday evening after formalities.
- The case stems from an ED investigation alleging illegal betting platforms such as King567 were used to move more than ₹2,000 crore through shell entities and mule accounts.
- ED searches at 31 locations, including checks on Goa casinos, yielded cash and foreign currency along with gold bullion exceeding 60 kg and assets valued at over ₹100 crore, according to filings.
- With a charge sheet filed, the probe continues, as opposition leaders level unverified claims that the MLA funneled hundreds of crores for Bihar elections.