Money laundering case: The Supreme Court on Tuesday (March 5) quashed proceedings initiated against Karnataka Deputy Chief Minister DK Shivakumar in reference to the 2018 money laundering case.
The Congress chief filed a petition in the Supreme Court difficult the Karnataka High Court’s choice to reject his plea to quash the Enforcement Directorate (ED) summons issued to him in a case associated to alleged money laundering.
A bench of justices Surya Kant and Ok V Viswanathan granted the reduction to Shivakumar.
What is the case?
The case dates again to August 2017 when the Income Tax division carried out searches at a number of premises in Delhi as a part of an alleged tax evasion probe involving Shivakumar, his enterprise affiliate Sachin Narayan (45), liquor dealer, Sunil Kumar Sharma (46), who operated luxurious buses, Karnataka Bhawan worker A Hanumanthaiah (49), and former state authorities worker Rajendra N (76), who was a caretaker at Karnataka Bhawan.
During the searches, the division seized over Rs 8.59 crore, of which greater than Rs 41 lakh was adjusted as tax legal responsibility for Shivakumar and over Rs 7.58 lakh for Sharma, who claimed the money as agriculture and enterprise earnings, respectively.
Following this, the tax division filed a charge-sheet in a Bengaluru court docket against all of the accused for tax evasion. The Enforcement Directorate then initiated a money laundering case in 2018 primarily based on this grievance.
Shivakumar was arrested by the ED in the case on September 3, 2019, and was granted bail by the Delhi High Court on October 23, 2019.
