Rs 300 crore undisclosed income under scanner after IT raids on D K Shivakumar

Shivakumar also known as DKS was the hospitality in charge of the Gujarat MLAs who were brought down to a resort near Bengaluru ahead of the Rajya Sabha elections to be held on August 8.

Nearly Rs 300 crore worth undisclosed income is under the scanner following the raids on Karnataka's Energy minister, D K Shivakumar. The Income Tax department conducted raids at multiple locations including the residence of the minister between Wednesday and Friday.

An NDTV report while quoting sources said that the department is reported to have found over Rs 300 crore undisclosed income of Shivakumar and his associates. They added that Rs 100 crore income is linked to Shivakumar and his family. Sources said that cash and jewellery seized after the raids is reported to be worth around Rs 15 crore. They said that the undisclosed income is likely to go up since a lot of incriminating documents have been found.

Searches were conducted at around 70 locations which included Bengaluru, Delhi, Chennai and Mysuru. Shivakumar who was restricted to his home at Sadashivanagar, Bengaluru for three days met the media on Saturday and said that he never broke the law.

Shivakumar also known as DKS was the hospitality in charge of the Gujarat MLAs who were brought down to a resort near Bengaluru ahead of the Rajya Sabha elections to be held on August 8. On Saturday the MLAs left the resort for Gujarat.

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