I-T raids on D K Shivakumar: A setback for Cong in Karnataka?

News Network
August 2, 2017

Bengaluru, Aug 2: In a major setback to the Congress party in Karnataka, which is hosting 42 party MLAs from Gujarat, ahead of the Rajya Sabha polls onAugust 8, the IT department on Wednesday conducted simultaneous raids on energy minister D K Shiva Kumar's residences and at the resort where the legislators have been put up.

The raids commenced at 7 am and are still continuing with the IT officials raiding at Kumar's residence in upmarket Sadashivanagar in Bengaluru, his MP brother D K Suresh's house and in their constituency Kanakapura. The team is also at Eagleton resort where the 42 MLAs have been put up from July 27 onwards against poaching from the BJP.

Kumar and his brother were in complete charge of hosting the MLAs. The former returned from New Delhi late on Tuesdaynight and was at the resort at the time of the raid.

Meanwhile a press statement from DGIT (Inv), Bengaluru without naming the minister said the Karnataka Investigation Wing of the Income tax department said the search was under Section 132 of the Income Tax Act and is an evidence gathering exercise which is being carried in compliance with all statutory requirements. The search is the continuation of an investigation which has been in progress for a considerable period of time.

Besides, the timing of the search was decided well in advance. The events involving certain MLAs of another state being brought to Karnataka were unforeseen and unpredictable events.

"The Minister being searched was staying at the resort near Bengaluru where some MLAs from another state are put up. Hence the Minister's room alone is being searched," the statement said.

The statement said the search team has no concern with the MLAs and there has been no contact between the MLAs and the search team. "It is again reiterated that the Income Tax search is only on one Karnataka minister," it added.

No searches on resort: I-T department

According to a release issued by the I-T department, the raids on Shivakumar's residence and at Eagleton resort were only related to the energy minister only.

"The search team has no concern with the MLAs and there has been no contact with MLAs and the search team. It is again reiterated that the Income Tax search is only on one Karnataka Minister," reads the release.

The department has said the raids were an "evidence gathering exercise" and is a continuation of an investigation against the minister.

While Congress leaders allege that the raids are a handiwork of the BJP-led central government to "influence" the Rajya Sabha elections, the I-T department has said that the search was decided well in advance.

"The search is the continuation of an investigation which has been in progress for a considerable period of time. The timing of the search was decided well in advance. The events involving certain MLAs of another state being brought to Karnataka were unforeseen and unpredictable events," states the I-T department.

Comments

abdullah
 - 
Wednesday, 2 Aug 2017

Modi playing a revenge game.

naeem
 - 
Wednesday, 2 Aug 2017

cong don’t have trust on thr MLS, politics s only a money game. Played by cheaters.

 

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News Network
April 16,2020

Bengaluru, Apr 16: In order to bring uniform act for all universities in the state under the Karnataka University Act 2017, the state government formed a committee in this connection.

As per the instruction of deputy chief minister Dr C N Ashwath Narayan, higher education department has issued an order to form a committee under the chairmanship of R Vasudeva Athre.

The other members are former Bengaluru university Vice-Chancellor Prof B Thimmegoda, IIT Bengaluru director Prof Sadagopan, Srusti institute of arts and design technology Geetha Narayan Srusti, centre of educational and social studies president Dr M K Sridhat and state higher education parishad Executive Director Dr M S Kori, co-member of the committee.

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News Network
January 16,2020

Haveri, Jan 16: Karnataka Chief Minister B S Yediyurappa on Wednesday hinted at inducting 16 MLAs into the Cabinet which was due for expansion despite the fact that it was a difficult task.

Participating in a function of Choudayya Community here, he further said one should understand the difficulty faced to undertake cabinet expansion in the prevailing situation and whoever gives suggestion should understand the circumstances otherwise the statements would lead to confusion among the community and people of the state.

He stated that 'as many as 17 MLAs resigned to make me Chief Minister and now their community people want their leader to become Minister, it is very difficult to satisfy all of them'.

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News Network
July 26,2020

Bengaluru, Jul 26: Today, one of the Co-founders of Infosys, SD Shibulal announced that over the last three days (22nd - 24th July) his family members have sold a portion of (representing approximately 0.20 per cent of the paid-up equity share capital) their holding in Infosys Ltd on the stock exchanges.

Proceeds from the partial stake monetization will be utilized for a combination of philanthropic and investment activities.

The sale was executed by Citigroup Global Markets India Private Limited as the Sole Broker.

The Founders, have served Infosys in various capacities, since its inception in 1981 until October 2014. Over the three decades, the Founders have nurtured the company transforming it into one of the professionally run companies in India with a global presence.

This press release is for information purposes only and is not an offer to sell, or a solicitation of an offer to buy, any of the shares described herein. The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or in any state or other jurisdiction of the United States.

Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act. 

There has not been and there will not be any public offering of the shares in the United States.

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