Case Overview
Income Tax raids in 2017 initiated a series of investigations into D.K. Shivakumar, leading to money laundering and tax evasion allegations. The cases stem from the recovery of significant amounts of undeclared cash. He was arrested by the ED in 2019 and later released on bail, with legal proceedings continuing.
Detailed Background
In August 2017, the Income Tax Department conducted extensive raids on over 60 premises linked to D.K. Shivakumar, including his residences and business establishments, following information about alleged illegal financial transactions. These raids reportedly led to the seizure of several crores of rupees in undeclared cash, primarily from an apartment in Delhi allegedly linked to him. Subsequently, the Income Tax Department filed multiple complaints against Shivakumar and his associates under sections of the Income Tax Act, 1961, alleging hawala transactions and unaccounted income.
Based on these IT complaints, the Enforcement Directorate (ED) initiated a money laundering probe under the Prevention of Money Laundering Act (PMLA). The ED alleged that Shivakumar, through his associates, was involved in generating and laundering illicit funds. In September 2019, the ED arrested Shivakumar, citing non-cooperation and the need for custodial interrogation. He spent nearly 50 days in judicial custody before the Delhi High Court granted him bail in October 2019, observing that there was no flight risk and that the evidence was documentary in nature. Both the IT Department and the ED have filed chargesheets before the special court for PMLA cases and the Rouse Avenue Court in Delhi. The legal proceedings are ongoing, with Shivakumar maintaining his innocence and alleging political vendetta.
Charges / Allegations
Money laundering, tax evasion, and alleged illegal transactions of large sums of cash.
Current Status / Outcome
D.K. Shivakumar was arrested by the ED in September 2019, granted bail in October 2019. Chargesheets have been filed by the ED and IT Department. Cases are ongoing in various courts.
Sources & References
- ED arrests DK Shivakumar in money laundering case— The Economic Times
- DK Shivakumar gets bail in money laundering case— The Hindu
- Money laundering case: Troubles brew for DK Shivakumar as ED summons fresh details from banks— The Indian Express
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