DK Shivakumar was lodged in Tihar jail under judicial custody and had challenged the trial court’s order denying him bail in the case
New Delhi: Karnataka Congress strong man and 7 time MLA DK Shivakumar, who was lodged in Tihar Jail in connection with a money laundering case, was awarded bail by the Delhi High Court on Wednesday.
Justice Suresh Kait granted bail with the amount of Rs 25 lakh bond and two sureties to the Congress leader by saying that he is not a flight risk. The court has ordered that Shivakumar cannot leave India without its permission. The judge also added that Shivakumar cannot tamper with evidence as documents are with investigating agencies and there is no material to show he has influenced witnesses.
DK Shivakumar was lodged in Tihar jail under judicial custody and had challenged the trial court’s order denying him bail in the case
Congress leader was booked with Haumanthaiah an employee at Karnataka Bhavan in New Delhi and others over charges of corruption and money laundering under the Prevention of Money Laundering Act (PMLA).
Basically the case is regarding a charge sheet filed by the Income Tax Department against Shivakumar and others last year before a special court in Bengaluru on charges of alleged tax evasion and ”hawala” transactions worth crores of rupees.
The I-T department has accused Shivakumar and his alleged associate S K Sharma of indulging in transactions involving huge amounts of unaccounted money on a regular basis through ‘hawala’ channels with the help of three other accused.
DK Shivakumar, 57, was arrested by the ED on September 3 in the money laundering case.
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