ED miscalculated DKS’ assets to make out money laundering case against him: Counsel

News Network
September 18, 2019

New Delhi, Sept 18: Senior Congress leader D K Shivakumar on Wednesday sought bail from a Delhi court, contending that the Enforcement Directorate miscalculated the assets inherited by him and his daughter to make out a money laundering case against him.

Senior advocate A M Singhvi, representing the Karnataka’s strongman, submitted before Special Judge Ajay Kumar Kuhar that the seven-time MLA had disclosed all his assets in his election affidavit.

The counsel submitted that out of Rs 108 crore of money alleged to have been accumulated by his daughter Aisshwarya, Rs 79 crore was investment and the remaining amount was some loan. She had also inherited properties from her grandmother, he explained, adding that she had paid her Income Tax regularly.

He said Shivakumar belonged to Vokkaliga community, a traditional agricultural community. Due to urbanisation, the cost of land inherited by him had increased manifold.

A driver connected to Sharma Transport was linked to the accused by the ED. The money seized from him was shown to belong to the accused, Singhvi submitted, trying to pick holes in the case registered by the Enforcement Directorate, which accused of the politicians of dealing in over Rs 800 crore cash in 317 bank accounts.

After hearing the arguments for a brief time, the court adjourned the matter to Thursday, as Additional Solicitor General K M Nataraj, representing the ED was not available.

Shivakumar, who was admitted to hospital on Tuesday, remained indisposed on Wednesday as well.

He was arrested on September 3 by the ED after he failed to give “tenable response” to huge cash recovered from his house here. He was on Tuesday sent to 14-day judicial custody after having been interrogated in custody remand by the Enforcement Directorate sleuths.

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News Network
March 30,2020

Mangaluru , Mar 30: Dakshina Kannada Superintendent of Police Laxmi Prasad on Monday suspended a constable attached to Subramanya Police Station for manhandling the chief priest of Kukke Subramanya Temple on Saturday.

According to the police, when the priest Srinivas Bhat was on his way to the temple to offer Puja, Prasad, a police constable intercepted him and enquired where he was going during the lockdown period and then charged at him with lathi on his hand and back.

The priest, then immediately filed a complaint at local police station, following which a complaint was also brought to the notice of Deputy SP of Puttur Sub-division.Please lo

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News Network
May 29,2020

Udupi, May 29: As many as 15 fresh coronavirus positive cases were reported in Udupi district today. 

11 among the new 15 covid-19 patients are males and four are females. The patients also include two children aged 6 and 7.

All of them are said to be Maharashtra returnees. 

With this, the total confirmed covid-19 cases in the district mounted to 164.

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News Network
February 17,2020

Bengaluru, Feb 17: Union Finance Minister Nirmala Sitharaman on Monday assured that the Centre is committed to stand by its promise of providing Rs 18,600 crore Bengaluru suburban Rail project.

Addressing a press conference after a post-budget interactive session with the representatives of the various trade bodies, industry leaders and others here, she said that the union cabinet has already given its clearance for the long-pending project.

Informing that the central government will have 20 per cent of its capital share in the project followed by another 20 per cent share from the state government, she said "beside this, the union government will stand for a sovereign guarantee for the rest of the 60 percent share, which can be raised through loans from external agencies".

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