DK Shivakumar gets interim bail in money laundering case

Bengaluru, Aug 2: Economic Crimes Court granted conditional interim bail to Karnataka Minister DK Shivakumar and four others in a money laundering and Hawala case on Thursday. The High Court ordered them to deposits a bond of Rs 50,000 each.

The IT dept had filed a case before the Special Court for Economic Offences, Bengaluru based on the raids conducted on Shivakumar's residence in Sadashivanagar and simultaneous raids in other parts of the state and in Delhi.

I-T officials had seized Rs 8.59 cr cash, diary and notes during raids in Delhi. Raids were conducted from August 2, 2017, and lasted for more than a week.

Shivakumar had been accused of operating a hawala network by the Income Tax department.

DK Shivakumar was named as accused number 1 in the case while his business associate Sachin Narayan accused number 2. Other accused include Sunil Kumar Sharma (proprietor of Sharma Travels), Anjaneya Hanumanthaia (a state government employee at Karnataka Bhavan in Delhi), Rajendra (former state government employee and presently working for Sharma).