IT officials freeze bank accounts of D K Shivakumar and family
- The Income Tax officials have now frozen bank accounts of D K Shivakumar and family.
- There will not be any transactions till the investigations are completed.
- IT officials had issued notices to all these accounts during the raid.
- The banks also have provided required information to the IT officials
The Income Tax officials have continued the investigations into D K Shivakumar’s accounts and have now frozen his and his family member’s bank accounts. The officials have taken charge of the bank accounts and have taken precaution to see that there are no transactions till the investigations are completed, according to sources at the department, reported Kannada Prabha.
During the IT raid, it was found that D K Shivakumar had undisclosed property of Rs 300 crore. IT officials have seized documents pertaining to several organisations in which D K Shivakumar has invested during their raid on his houses in Sadashivanagar, Delhi and Kanakapura, Global View College and Hill View School. They also acquired all details regarding all bank accounts of D K Shivakumar and his family members. The bank accounts of DK Shivakumar’s brother and MP D K Suresh, his father in law Thimmayya, relative MLC S Ravi, close friend astrologer Dwarakanath have also been restricted.
IT officials had issued notices to all these accounts during the raid. SBI, HDFC, Axis, Canara, DCC and other banks were sent notices to freeze the accounts. The banks also have provided required information to the IT officials, it is said.