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ED files money laundering case against Karnataka minister Shivakumar
Sep-18-2018

The Enforcement Directorate (ED) has registered a money laundering case against Karnataka minister D K Shivakumar and few others on the basis of an alleged tax evasion and hawala transactions case. The agency has booked Shivakumar, Haumanthaiah, an employee at Karnataka Bhavan in New Delhi, and others under the Prevention of Money Laundering Act (PMLA).

The IT Department has accused Shivakumar and his associate S K Sharma of transporting huge amount of unaccounted cash on a regular basis through 'hawala' channels with help of three other accused. Other accused are Sachin Narayan, Anjaneya Hanumanthaiah and N Rajendra. As per facts and analysis of evidences, it is clear that accused Shivakumar has set up an extensive network of persons and premises across Delhi and Bengaluru in order to transport and utilise unaccounted cash.

According to the tax department, Narayan is a business partner of Shivakumar and Sharma is the proprietor of Sharma Transports, which runs a fleet of luxury and passenger buses and provides transport services to various concerns and individuals on rental basis. Haumanthaiah allegedly responsible for storing and handling unaccounted cash of Shivakumar in Delhi, it had said in the complaint. Rajendra is a caretaker of Karnataka Bhavan and works for Sharma, besides looking after immovable properties of Shivakumar and Sharma.

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