ED probe demanded into alleged money laundering by minister

Image
Press Trust of India Bengaluru
Last Updated : Aug 03 2017 | 11:08 PM IST
A complaint has been filed withthe Enforcement Directorate against Karnataka Minister D KShivakumar seeking a probe into alleged money laundering by him.
The complaint comes amid the ongoing Income Department searches at various properties associated with Shivakumar in Karnataka and Delhi since yesterday, with officials saying Rs 11 crore cash has been recovered till now.
The complainant Guruprasad said in the backdrop of the ongoing searches by the Income Tax department's investigation wing, the ED should initiate investigation and immediately apprehend the "perpetrator" under the prevention of Money Laundering Act and Foreign Exchange Management Act.
In his three-page complaint, Guruprasad claimed Shivakumar's initials figured in the diary entries of MLC Govindaraju, Chief Minister Siddaramaiah's Parliamentary Secretary.
The reported diary entries by Govindaraju purportedly indicated alleged payments to Congress central leaders by state ministers. The diary came to light in February resulting in apolitical slugfest.
Excerpts from the diary allegedly belonging to Govindaraju and made public by the media showed a few acronymsthat had similarities with initials of senior Congress leaders to whomhuge money waspurportedly paid.
Govindaraju, on his part,had said he had nothing to do with the diary.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 03 2017 | 11:08 PM IST

Next Story