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ED grills co-operative bank president in money laundering case concerning Shivakumar

ANI  |  General News 

The Enforcement Directorate (ED) on Wednesday questioned the president of Karnataka State Apex Co-operative Bank in connection with a probe into the money laundering case filed against Congress leader D K Shivakumar.

The investigating agency had summoned K N Rajanna to probe his role in sanctioning loan to a sugar firm owned by a close associate of Shivakumar.

Shivakumar was arrested on September 3 and will be in the judicial custody in Tihar jail till October 15.

A money laundering case was registered against Shivakumar by the ED in September last year, based on a complaint filed by the Income Tax department, alleging tax evasion, hawala transactions running into crores.

In the last hearing, the court had allowed ED to interrogate Shivakumar on October 4 and 5 inside jail.

Earlier, his brother and Congress lawmaker DK Suresh was also summoned by the ED in connection with the probe.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 09 2019. 12:28 IST
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