Thursday, October 22, 2020
Home Law DK Shivakumar has hit a triple century, has acquired 300 properties with disproportionate funds:...

DK Shivakumar has hit a triple century, has acquired 300 properties with disproportionate funds: ED tells court

Seven-time MLA Shivakumar was arrested by the ED on September 3 under the PMLA and is currently lodged in the Tihar jail under judicial custody till October 25.

Arguing in the Delhi High Court against Congress leader DK Shivakumar’s bail plea, The Enforcement Directorate has stated yesterday that the former Karnataka minister has hit a triple century in acquiring properties will ill-gotten wealth.

As per a report in Deccan Herald, Additional Solicitor General KM Nataraj argued before Justice Suresh Kumar Kait that if granted bail in the middle of the investigation, Shivakumar might attempt to influence the witnesses and tamper with evidence.

The ED’s counsel submitted, “In cricket, there are instances of creating a record by hitting a triple century. But former Congress minister D K Shivakumar made an all-India record by acquiring 300 properties using ill-gotten wealth.”

The ASG stated that Shivakumar has amassed vast wealth as a politician and has tried to convert black money into white by purchasing properties.

The ASG also submitted, “The main issue pertains to the source of money which is not being disclosed. If a person is unable to explain the source, just by making a payment or giving a declaration to the Income Tax department, the ill-gotten money cannot be converted to white money and IT department is not authorised to regularise it.”

Read: ED suspects hawala transactions between DK Shivakumar and Congress headquarters, has documents proving link: Reports

The ED stated that Shivakumar has 317 bank accounts. He also has 24 agricultural properties in his name while his brother and mother have 27 and 38 properties respectively. The value of declared assets only stands at Rs 800 crores. His daughter Aishwarya, who has just graduated, has assets worth Rs 108 crores.

Pleading to the court for granting bail, Shivakumar’s lawyer and Congress leader Abhishek Manu Singhvi stated that the former Karnataka minister has already spent 45 days inside the jail. He also stated that Shivakumar is ready to deposit his passport to allay the apprehension that he may leave the country.

Read: The details of Enforcement Directorate’s case against Congress leader D K Shivakumar

Seven-time MLA Shivakumar was arrested by the ED on September 3 under the PMLA and is currently lodged in the Tihar jail under judicial custody.

Before the commencement of the hearing the ED’s counsel was reprimanded by the court for arriving 30 minutes late. After the ASG apologised saying that he was held up in the proceedings of the Rouse Avenue Court, justice Kait agreed to continue the hearing. Justice Kait has reserved his order on Shivakumar’s bail petition.

The ED case against Shivakumar pertains to the raids on his properties in 2017. After the maximum period under police custody completed on September 17, he was sent to Tihar under judicial custody till October 25.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Punjab’s new Agriculture Laws are hogwash meant to fool gullible farmers, violates the constitution: Read how

The Essential Commodities Act passed by the Punjab govt contravenes the constitution, adds opacity and infringes on the centre

How do Customs officials remove gold concealed in the rectum of smugglers? Things you never thought you’d want to know

Customs officials convince the smugglers to eject the gold from their rectum, or extract with the help of doctors

21 October 1943: Netaji Subhash had formed the Azad Hind Government, India’s ‘declaration of independence’

On October 21, 1943, Netaji Subhash Chandra Bose announced the formation of the 'Arzi Hukumat-e-Azad Hind' or the provincial government of free India in Singapore and had declared war on the British Empire.

No, going to Dubai to buy the new iPhone 12 Pro is not cheaper than buying in India. Here is how

Dhruv Rathee criticised the 'Indian Tax System' by claiming that travelling to Dubai for buying an iPhone 12 Pro is cheaper than getting it from India.

Is somebody paying the “experts” to spread spurious narratives on Atmanirbhar Bharat?

A more self-reliant India, with a bigger industrial base, with lesser trade deficits was the need of the hour. Who could object?

Rahul Gandhi to help PFI member and Kerala-based ‘journalist’ Siddique Kappan who is accused of attempting to instigate violence in UP

The Congress leader met a delegation at Malappuram, Kerala on Monday and promised them to look into the issue of the arrest of 'journalist' Siddique Kappan.

Recently Popular

UK: 37-year-old paedophile named Rehan Baig jailed for raping chickens to death while his wife filmed it

Rhan Baig's wife had also joined him in the videos and at one point he alternated between having sex with his wife and the chickens.

‘Comedian’ Agrima Joshua, who calls herself ‘feminist’, passes offensive sexual comments against woman due to political differences

Agrima Joshua had earlier found herself in a controversy after insulting the Shivaji Maharaj memorial during a performance.

Caught on camera: NCP’s Nawab Malik ‘predicts’ Arnab will commit suicide as he will be ‘trapped’ in TRP case

Maharashtra minister Nawab Malik insists that though the BARC letter clears Republic TV's name, the police investigation 'will find evidence' against Arnab.

Pakistan in ‘civil war’ mode after Sindh Police and Army clash after police chief was kidnapped. Read details

A civil war is brewing in Pakistan after deadly clashes broke out between Sindh police and Pakistani army over the illegal detention of Sindh police chief.

Paris: Two Muslim women stabbed under Eiffel Tower by white women shouting “dirty Arabs”

Two Muslim women were stabbed repeatedly under the Eiffel Tower on Sunday night by two white women who called them "dirty Arabs".

Remember Sheena Bora case? Param Bir Singh was the IG of Konkan range, the site where her body was dumped

Param Bir Singh knew that Sheena Bora was missing. He had asked Rahul Mukerjea to file a 'missing persons' report. Sheena, however, was never reported as 'missing'.
- Advertisement -

Another contempt case? Prashant Bhushan targets CJI Bobde again, links his home visit during holidays with Madhya Pradesh MLA disqualification case

CJI is eligible for state arranged transport during visits to states, but Prashant Bhushan alleged CJI Bobde of taking favors from MP govt

Shahabuddin was a powerful ‘pawn’ under Lalu-led government in Bihar: Read how he dominated Siwan during the jungle raj

Shahabuddin was fearless because of the backing he got from Lalu Yadav, and in return, he made sure Lalu got votes in the elections

Maharashtra: Uddhav Thackeray government blocks CBI from investigating cases in the state, withdraws general consent

The Maharashtra government on Wednesday passed an order withdrawing its consent for the CBI to probe cases in the state

Punjab’s new Agriculture Laws are hogwash meant to fool gullible farmers, violates the constitution: Read how

The Essential Commodities Act passed by the Punjab govt contravenes the constitution, adds opacity and infringes on the centre

Paris: Two Muslim women stabbed under Eiffel Tower by white women shouting “dirty Arabs”

Two Muslim women were stabbed repeatedly under the Eiffel Tower on Sunday night by two white women who called them "dirty Arabs".

How do Customs officials remove gold concealed in the rectum of smugglers? Things you never thought you’d want to know

Customs officials convince the smugglers to eject the gold from their rectum, or extract with the help of doctors

Fake news peddler Prashant Kanojia granted bail by Allahabad High Court

Kanojia was also arrested last year for postin derogatory tweets aimed at spreading hatred.

Youth Congress chief spreads misinformation about Modi govt’s Bihar package, distorts statement of BJP chief JP Nadda

Youth Congress chief uses only a part of speech of JP Nadda to spread misinformation about Modi govt’s Bihar package

21 October 1943: Netaji Subhash had formed the Azad Hind Government, India’s ‘declaration of independence’

On October 21, 1943, Netaji Subhash Chandra Bose announced the formation of the 'Arzi Hukumat-e-Azad Hind' or the provincial government of free India in Singapore and had declared war on the British Empire.

China fines dairy company for ‘incorrect’ map of its territory in an advertisement, the company issues apology

China penalised Bright Dairy and Food for not showing 'complete and correct territory' of the country, which is a violation of laws

Connect with us

245,563FansLike
465,750FollowersFollow
18,800SubscribersSubscribe