Bangalore Development Authority Headquarters (courtesy: BDA) A large scam emerged in the Bangalore Development Authority (BDA) with finance members investing money in equity mutual funds and trying to cover this up across different organisations. There were mysterious arrests of ex-BDA officials and a BDA cashier, alleging their involvement in the multi-crore scam. What is it all about? Whose money went where? The money was allegedly invested in mutual funds, which is recoverable. Why is this still called a scam? Here's some insight. Apparently, Sandeep Dash, former finance head of the BDA and the Bangalore Metro Rail Corporation (BMRCL) was a…
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