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Rs 11.43 crore seized from D K Shivakumar: Here is the breakup
The Income Tax department has in all seized cash to the tune of Rs 11.43 crore during raids it conducted on properties belonging to Karnataka Energy Minister, D K Shivakumar.
While at Delhi, the IT department seized Rs 8.33 crore at Bengaluru and Mysuru, the amount seized was Rsw 2.5 crore and 60 lakh respectively.
In addition to this the IT department has also seized scores of documents from the various places that were raided. A school at R R Nagar, the KPTCL office, his residence among other places were raided by the IT department officials.
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The IT department is currently ascertaining the source of the cash. Shivakumar may be questioned and asked to explain the source of the money, which the IT department has claimed is unaccounted.
The department is also verifying currency seized at the school which is suspected to be demonetised currency. Officials say that an explanation would be sought to this effect. Speaking on behalf of his brother, D K Suresh said that they will explain every penny and added that the money has been accounted for.
OneIndia News
