Enforcement Directorate registers money laundering case against Karnataka minister Shivakumar and others

Enforcement Directorate registers money laundering case against Karnataka minister Shivakumar and others

The Enforcement Directorate has registered a money laundering case against Karnataka Minister D K Shivakumar and some others based on an alleged tax evasion and hawala transactions case.

As per reports the ED will soon call the accused for recording statements.

According to official reports, Karnataka cabinet minister DK Shivakumar and SK Sharma along with their associates Haumanthaiah, Sachin Narayan, and N Rajendra have been booked under the Prevention of Money Laundering Act (PMLA).

The case has been filed against the minister in relation to a charge sheet (prosecution complaint) 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 in crores.

The IT Department has accused Shivakumar and his associate S K Sharma of transporting a large amount of unaccounted cash on a regular basis through 'hawala' channels assisted by three other accused.

The department said, "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 Income Tax department further said Sachin Narayan is a business partner of DK Shivakumar and SK Sharma is the proprietor of Sharma Transports, which runs a fleet of luxury and passenger buses and offers transport services to various concerns and individuals on a rental basis.

The complaint also said Anjaneya Haumanthaiah is an employee at Karnataka Bhavan in New Delhi, who is purportedly responsible for handling and storing of unaccounted cash of Mr Shivakumar in Delhi,

N Rajendra is a caretaker of Karnataka Bhavan and works for Mr Sharma, as well as looking after immovable properties of Mr Shivakumar and Mr Sharma, it said. The Income Tax department had alleged that all five accused conspired to evade tax.

According to latest development, DK Shivakumar secured a bail last Saturday from the Special Economic Offences Court in Bengaluru regarding a case filed against him by the Income Tax department.

The I-T Department has imposed a total of four cases against him and his associates regarding alleged unaccounted cash recovered from properties related to DK Shivakumar since 17 August.

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