Trouble may not be over for minister DK Shivakumar. Know why
- The Income Tax officials have concluded their 72 hours of marathon raid on minister
- National television channels reported that Rs 300 crore worth properties were allegedly found at minister Shivakumar's residence
- Since IT department will restrict its investigation into examining the extent of tax, it may refer the case to ED
FollowEnergy Minister DK Shivakumar may be a relieved man now after nearly 74-hours of marathon raid on him, his relatives and acquaintances by the Income Tax sleuths. But the trouble may not be over yet. For, after reports emerged that the IT officials have allegedly found Rs 300 crore post-raid and a complaint of money laundering filed against the minister, chances of Enforcement Directorate (ED) stepping in are imminent.
According to a few national channels, the IT sleuths have allegedly found Rs 300 crore worth undisclosed properties from minister Shivakumar and his relatives' properties. However, how much of these properties belonged to minister Shivakumar is yet to be calculated. The IT sleuths have reportedly reviewed the properties till late Saturday night, after completing their raid. After raiding at 60 places, the IT officials have allegedly found Rs 300 crore worth undisclosed properties, reports Kannada Prabha. It may be recalled here that apart from Bengaluru's Sadashivanagar residence, the IT officials had raided his another residence at Bengaluru, one at New Delhi, his father-in-law's properties in Mysuru, his astrologer's property in Bengaluru and much more.
Meanwhile, it is reported that the IT officials allegedly found Rs 42 lakh from Shivakumar's house of which the minister Shivakumar has given accounts to Rs 40 lakh and has told the IT officials to provide proof to the remaining Rs 2 lakh, soon.
With Rs 300 crore worth undisclosed properties allegedly found from Shivakumar, the IT officials may refer the case to Enforcement Directorate. If that happens, minister Shivakumar may not have it easy in explaining himself. The ED looks into illegal hoarding of money, huge amounts of money transaction and also investing in shell companies. Since minister Shivakumar has been accused of all these parameters, he may face trouble from ED, reports Kannada Prabha.
Also, a person from Ramanagar Guruprasad has already lodged a complaint of money laundering and alleged land acquisitions against the minister with the ED. Besides, the IT sleuths will restrict itself to examining the extent of tax evasion and the volume of black money. But if ED steps in, the ED officials will track the trail of money, his investments and his business interests in India and abroad reports Asian Age. If need be, the ED officials may take the minister into custody for more questioning. Â
