DK Shivakumar money laundering case dismissed by Supreme Court

economictimes.indiatimes.com:

Supreme Court on March 5 quashed proceedings initiated against Karnataka Deputy chief minister DK Shivakumar in a 2018 money laundering case.

Shivakumar was first arrested in the case in September 2019 following several rounds of questioning in a case that emerged from an Income tax department action against him.

The Delhi High Court had granted him bail in October of that year.

In May last year, the agency filed a charge sheet against him and some others linked to him in this case.

He was questioned by the ED in September, in another money laundering case linked to the alleged possession of disproportionate assets. The 2019 case was registered after taking cognisance of a charge sheet (prosecution complaint) filed by the Income Tax Department against them the previous year before a special court in Bengaluru on charges of alleged tax evasion and hawala transactions worth crores.

The I-T department has accused Shivkumar and his alleged associates of transporting huge amounts of unaccounted cash on a regular basis through hawala' channels with the help of three other accused.

CBI officials had earlier conducted searches in educational institutions run by Shivakumar in connection with a case of disproportionate assets which is under investigation. Shivakumar is the chairman of the National Education Foundation (NEF) and his daughter D K S Aisshwarya is trustee secretary, while other family members are trustees.

With agency inputs