I-T raids on Karnataka minister; over 10 crores recovered

Multiple properties linked to DK Shivakumar, Karnataka Energy Minister, were raided by the Income Tax Department on Wednesday. The raids on the Congress minister and his brother D.K. Suresh come after they were made responsible to host around 40 MLAs from Gujarat in the posh ‘Eagleton resort’ outside Bengaluru, ahead of the Rajya Sabha elections in their state in order to cope with defections. “Yes, the I-T department conducted raids on my brother’s house, offices and my home as well,” said Suresh.

Jewelry, investment documents, and about Rs 10 crore in cash, much of it from his Delhi homes, were allegedly recovered. Note-counting machines have been used at a location in Safdarjung Enclave, Delhi, and in Hasan and Mysuru in Karnataka to count the cash.

The I-T department said that the raids were part of an investigation held over 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,” claimed the department in a statement on Wednesday.

The raids led the Congress leadership to accuse the Narendra-Modi led government of misusing state machinery to intimidate opposition parties by carrying out “an unprecedented witch-hunt”. MPs from the party disrupted proceedings in Parliament on Wednesday and raised the issue in the Rajya Sabha and the Lok Sabha, forcing four adjournments of the former and staging a walkout in the Lok Sabha.

News Source: Hindustan Times, NDTV

Image Source: PTI

Enforcement Directorate raids Misa Bharti in Benami transaction case

On the basis of Income Tax department ‘benami’ transaction case involving family members of Lalu Prasad Yadav, the Enforcement Directorate raided three properties owned by his daughter, Misa Bharti under the same case, as reported by ANI.

On Friday i.e. yesterday, the CBI had raided 12 places including RJD chief Lalu Prasad’s residence. Other properties involving his wife Rabri Devi and son Tejashwi Yadav were also raided after allegations of leasing two railway hotels in Ranchi and Puri to a private company in 2006, when he was the Railway Minister, in return for a three-acre plot of land. Lalu’s son-in-law, Shailesh Kumar’s properties were also attached under the Benami Transaction Act, 1988.

On May 22, the ED had arrested Rajesh Kumar Agrawal, a Chartered Accountant allegedly linked to Bharti. After one month, the Income Tax officials interrogated Bharti for five hours in connection with the same benami (or proxy) transaction worth Rs 1000 crore.

The Indian Express reported that Lalu has blamed the BJP-led government at the Centre for setting score against him through these raids. Meanwhile, BJP leader, Sushil Kumar Modi has asked Bihar CM, Nitish Kumar to take action and remove Tejashwi Yadav as Deputy CM from the cabinet.

Sources: Indian Express, Economic Times