More IT raids underway at locations connected with K'taka Min
August 02, 2017  20:11

More raids are underway at various locations connected with Karnataka Minister for Energy, D K Shivakumar in a tax evasion case.

The Income Tax department has recovered a total amount of Rs. 10 crore, including Rs 2.23 crore at locations in the southern state.

The I-Tax on Wednesday conducted searches at 64 locations and properties linked to Shivakumar, who was overseeing the stay of 44 Congress MLAs from Gujarat at a resort near in Bengaluru.

I-T officials said about Rs 10 crore cash has been recovered during the raids at various properties linked to the minister, who was taken to his house in Bengaluru from the resort by the taxman.

A "good amount" of jewellery has also been recovered from a teacher's locker in a Bengaluru college.

About half-a-dozen note-counting machines have also been brought at two locations in Safdarjung Enclave in Delhi and in Hasan and Mysuru in Karnataka to count the cash.

Officials privy to the action said the department is investigating Shivakumar in a case of alleged tax evasion and huge undisclosed investments in real estate and other sectors.

Certain investments linked to him in Singapore and few other foreign locations are also under the scanner of the department, they said.

Some shell firms and their operatives allegedly linked to this case are also being probed, they added.
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