I-T raids continue on Karnataka minister’s houses; seizes Rs 11 cr
Bengaluru: Cash of over Rs 11 crore has been seized till now by the Income Tax department as part of the ongoing searches at multiple premises linked to Karnataka Energy Minister DK Shivakumar and his associates in connection with a case of alleged tax evasion.
The minister has been overseeing the stay of 44 Gujarat Congress MLAs at a resort on the outskirts of Bengaluru, who have been brought to the Karnataka capital in view of the Rajya Sabha polls in their state.
The raids that are continuing at many locations for the second day on Thursday, saw I-T sleuths seizing a number of documents, account books and financial papers.
About Rs 8.33 crore cash has been seized from Delhi, Rs 2.5 from Bengaluru and Rs 60 lakh from Mysuru till now, a senior official said.
“About Rs 11.43 crore cash has been seized till now from various locations. Some searches and surveys are still on,” the official said.
In a swoop down that raised a political storm, the I-T department had conducted searches at 64 locations and properties linked to Shivakumar.