Election Result 
MADHYA PRADESH - 230
PartyLW
BJP00
CONG00
BSP00
OTH00
RAJASTHAN - 199
PartyLW
BJP00
CONG00
IND00
OTH00
CHHATTISGARH - 90
PartyLW
BJP00
CONG00
IND00
OTH00
TELANGANA - 119
PartyLW
TRS00
AIMIM00
BJP00
OTH00
MIZORAM - 40
PartyLW
CONG00
MNF00
MPC00
OTH00
  • search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    D K Shivakumar set up extensive network to transport, utilise unaccounted cash: ED

    |

    Bengaluru, Sep 19: The Enforcement Directorate (ED) has registered a money laundering case against Karnataka minister D K Shivakumar and few others on the basis of an alleged tax evasion and hawala transactions case, officials said.

    D K Shivakumar

    The agency has booked Shivakumar, Haumanthaiah, an employee at Karnataka Bhavan in New Delhi, and others under the Prevention of Money Laundering Act (PMLA), they said.

    Also Read | ED files FIR against DK Shivakumar in money laundering case

    The case has been filed based on a charge sheet (prosecution complaint) filed by the Income Tax Department against him early this year before a special court in Bengaluru on charges of alleged tax evasion and hawala transactions worth crores.

    The agency is expected to summon the accused soon for recording their statements.

    The IT Department has accused Shivakumar and his associate S K Sharma of transporting huge amount of unaccounted cash on a regular basis through 'hawala' channels with help of three other accused.

    "As per facts and analysis of evidences, it is clear that accused number 1 (Shivakumar) has set up an extensive network of persons and premises across Delhi and Bengaluru in order to transport and utilise unaccounted cash," the department had said.

    Other accused are Sachin Narayan, Anjaneya Hanumanthaiah and N Rajendra, it said.

    According to the tax department, Narayan is a business partner of Shivakumar and Sharma is the proprietor of Sharma Transports, which runs a fleet of luxury and passenger buses and provides transport services to various concerns and individuals on rental basis.

    Haumanthaiah is an employee at Karnataka Bhavan in New Delhi, allegedly responsible for storing and handling unaccounted cash of Shivakumar in Delhi, it had said in the complaint.

    Rajendra is a caretaker of Karnataka Bhavan and works for Sharma, besides looking after immovable properties of Shivakumar and Sharma, it said.

    The IT department had alleged that all five accused conspired to evade tax.

    "The analysis of evidences shows that the Minister has set up an extensive network of persons and premises across Delhi and Bangalore in order to transport and utilise unaccounted cash," it alleged.

    Also Read | Karnataka: A Congress revolt, a CM in waiting, here is what really D K Shivakumar is upto

    He was allegedly involved in organised tax evasion as part of conspiracy by engaging others, the department said.

    Unaccounted cash of approximately Rs 20 crore was found and seized during raids in New Delhi and Bengaluru last August which were directly relatable to Shivakumar, it had said.

    Shivakumar has alleged that the IT department was targeting him and not letting him breathe but he would fight the case legally.

    A special court had given Shivakumar a conditional bail in this case sometime back and the next date of hearing is September 20.

    Shivakumar was instrumental in ensuring the safe stay of Gujarat Congress legislators in a Karnataka resort during Rajya Sabha polls last year amid allegations that the BJP was trying to poach them.

    For Daily Alerts

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more