Advertisement
Karnataka: On Tuesday, The Supreme Court quashed proceedings initiated against Karnataka Deputy chief minister DK Shivakumar in a 2018 money laundering case. The case pertained to allegations of tax evasion and hawala transactions worth crores.
The Congress leader had moved the apex court against the Karnataka High Court order that refused to quash the ED summons issued to him in the case. The case, which was dismissed by a two-judge bench comprising Justices Aniruddha Bose and Bela M Trivedi, is linked to unaccounted cash found in Shivakumar’s flats in Delhi in August 2017.
The court admitted that the investigating agency was not successful in linking the source of the recovered cash to money laundering. The case is from 2017 when the taxmen carried out raids at multiple premises in Delhi as part of its alleged tax evasion probe against Shivakumar, his alleged business associate and liquor trader Sachin Narayan, another associate Sunil Kumar Sharma who operated a fleet of luxury buses, Karnataka Bhawan (Delhi) employee A Hanumanthaiah and former state government employee and caretaker posted at the Karnataka Bhawan Rajendra N.
Shivakumar had moved the Supreme Court against the Karnataka High Court’s 2019 order refusing to quash the Enforcement Directorate (ED) summons issued to him in an alleged case of money laundering. The department had seized about Rs 8.59 crore, out of which more than Rs 41 lakh has now been adjusted as tax liability of Shivakumar and more than Rs 7.58 lakh as that of Sharma after they claimed the money as their agriculture income and business income.
