DK Shivakumar Named In Money Laundering Case

DK Shivakumar Named In Money Laundering Case

DK Shivakumar Named In Money Laundering Case

New Delhi: The officials said that the Enforcement Directorate (ED) has registered a money laundering case against DK Shivakumar, the minister of Karnataka and few others on the basis of an alleged tax evasion and hawala transactions case.

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

A chargesheet on the case was 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 Enforcement Directorate is expected to summon the accused soon for recording their statements.

Mr Shivakumar and his associate SK Sharma were accussed by the IT Department, 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.

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It also stated that  Sachin Narayan, Anjaneya Hanumanthaiah and N Rajendra are other accussed.

As per the tax department, Mr Narayan and Mr Shivakumar are business partners, while Mr 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.

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

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

All five accused have been alleged 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.

The department accused him of  being allegedly involved in organised tax evasion as part of conspiracy by engaging others.

It has also said that 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 Mr Shivakumar.

The IT department was alleged by  Mr Shivakumar of targeting him and not letting him breathe but he would fight the case legally.

A conditioned bail was granted to Mr Shivakumar by a special court in this case sometime back and the next date of hearing is September 20.

DK 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.