I-T Raids On K'taka Minister: Rs 11 Cr Cash Seized Till Now

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New Delhi: In Karnataka, over 11 crore rupees cash has been seized till now by the Income Tax Department as part of the ongoing searches at multiple premises linked to Karnataka Energy Minister D K Shivakumar and his associates in connection with a case of alleged tax evasion. 

Mr. Shivakumar has been overseeing the stay of 44 Gujarat Congress MLAs at a resort on the outskirts of Bengaluru, who have been brought to the Karnataka capital in view of the Rajya Sabha polls in their state. 

The raids that continued at many locations for the second day on thursday, saw I-T sleuths seizing a number of documents, account books and financial papers. 

A senior I-T official engaged in the search said valuation of some jewellery found during the searches is being done as of now. He further said documents related to investments in real estate, including some alleged benami ones, are being analysed by the department .

The department has said that it is investigating the minister in a case of alleged tax evasion and huge undisclosed investments in real estate, jewellery and other sectors.

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