Karnataka: Congress Minister D K Shivakumar Gets Interim Bail In Money Laundering CaseD K Shivakumar during the raids at his residence. (Arijit Sen/Hindustan Times via Getty Images)

Special Court for Economic Offences in Bengaluru has granted conditional interim bail to senior Congress leader and Karnataka cabinet minister D K Shivakumar in a money laundering and hawala case on Thursday (2 August), as reported by Economic Times.

Shivakumar and the four others accused in the case were however ordered to deposit a bond of Rs 50,000 each.

Shivakumar, who has declared assets worth over Rs 700 crore, was the richest candidate fielded by the Congress party in the 2018 Karnataka assembly elections. In his election affidavit, Shivakumar and his wife Usha had declared income and assets worth Rs 730 crore.

All the three richest candidates in the recent Karnataka assembly elections   – Priyakrishna, N Nagaraju and DK Shivakumar – belonged to the Congress party.

Income Tax (IT) department had filed a case before the special court after raids conducted on Shivakumar's residence in Sadashivanagar and in other parts of the state and New Delhi led to a seizure of Rs 8.59 crore cash along with a diary and other notes. The raids, that were conducted in August 2017, lasted more than a week.

The others accused in the case include Sachin Narayan, Sunil Kumar Sharma - proprietor of Sharma Travels, Anjaneya Hanumanthaia - a state government employee at Karnataka Bhavan in Delhi and Rajendra, another former state government employee. Narayan is a close business partner of Shivakumar and Sharma owns Sharma Transports, which runs a fleet of luxury and passenger buses.

In its compliant to the special court, the IT department has alleged that Shivakumar had paid unaccounted money to the All India Congress Committee. The IT department charged that Rs 3 crore were personally delivered by an associate of Shivakumar to Congress office on 1 January, 2017. A sum of Rs 2 crore was delivered a week later . IT department charged that cash was delivered at the directions of Shivakumar and Sunil Kumar Sharma.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement