Income Tax raids on Karnataka minister, Rs 10 crore recovered

Kritika Banerjee, August 2, 2017
Income Tax department sleuths today swooped down at the residence of Karnataka Energy Minister D K Shivakumar and a luxury resort in Bengaluru where the minister was staying for the last few days.
The resort from where the Karnataka minister was picked up for questioning was the one where 44 Gujarat Congress MLAs had been cooped up for the last few days ahead of the crucial Rajya Sabha polls.
I-T officials, who also searched other properties linked to the minister, said that nearly Rs 10 crore in cash have been recovered so far.
While the Income Tax department maintained that the search at the luxury resort was planned in advance and had nothing to do with Gujarat Congress MLAs staying there, the Congress called it "witch-hunt".
Congress leader Ahmed Patel, who is seeking a re-election to Rajya Sabha from Gujarat, said, "BJP is on an unprecedented witch-hunt to win one Rajya Sabha seat".
HERE IS ALL YOU NEED TO KNOW ABOUT THE INCOME TAX RAIDS ON THE KARNATAKA MINISTER:
  1. The Income Tax department conducted searches at Karnataka Energy Minister D K Shivakumar's residence and at a luxury suite of a private resort where the minister was staying. This is the same resort where 44 Gujarat Congress MLAs are camping for the last few days.
  2. Searches were also conducted at multiple properties related to the Karnataka minister. Income Tax officials said that nearly Rs 10 crore in cash was recovered from various properties linked to the minister, including Rs 7.9 crore cash from Delhi.
  4. D K Shivakumar was the in-charge of the 44 MLAs housed in the luxury resort. After several of its MLAs quit the party, the Congress flew the 44 MLAs from Gujarat to Bengaluru to ensure that they are not poached by the BJP.
  5. While Congress cried foul over the Income Tax raids, the officials of the department said that only the Karnataka minister's suite was searched. "The search team has no concern with the MLAs and there has been no contact with MLAs and the search team," the Income Tax department said.
  6. The resort is located in the Bengaluru Rural Lok Sabha constituency, which is represented by Congress MP D K Suresh, who is the younger brother of Shivakumar.
  7. Congress members today protested against the Income Tax raids and disrupted the proceedings in Parliament. Finance Minister Arun Jaitley insisted that the searches had nothing to do with the Rajya Sabha polls in Gujarat.
  8. Congress members staged a walkout in Lok Sabha. Arun Jaitley, who spoke on the I-T searches in both Houses of Parliament, said that no search operation was conducted at the resort where the Gujarat Congress MLAs were staying, and only a minister who had "parked himself" there was picked up for questioning.
  9. As Congress members accused the government of using investigative agencies such as the CBI and Income Tax department to target its leaders, Arun Jaitley said that "whether it is a use or abuse, it depends on recovery (from the raids)".
  10. In Rajya Sabha today, Congress leader Anand Sharma raised the issue of the I-T raids and alleged that an attempt was being made to "derail and hijack" the Rajya Sabha elections.
  11. In Lok Sabha, Congress leader Mallikarjun Kharge called the raids "political vendetta" and "witch-hunt" and accused the government of using central agencies and said such acts would "ruin the ethos of democracy". To this, Arun Jaitley said don't link it with Gujarat MLAs, link it with economic offence.

Reference
http://indiatoday.intoday.in/story/income-tax-raids-on-karnataka-minister-rs-10-crore-recovered-all-you-need-to-know/1/1017148.html

Comments

Post a Comment

Popular posts from this blog

India Joins Russia in Voting Against West-Backed Move to Expand Powers of OPCW

The Wire: June 28, 2018 New Delhi: India voted against a UK-backed move that will allow the global chemical weapons watchdog to apportion blame for illegal attacks, criticising the decision to grant “unchecked powers” to the head of the group which could be used for “partisan” purposes. On Wednesday, more than two-thirds of the member states of the Organisation for the Prohibition of Chemical Weapons (OPCW) voted to authorise the international body to identify the perpetrators and sponsors of a chemical weapons attack. It also specifically called on the OPCW’s technical secretariat to begin work on identifying the perpetrators behind the use of chemical weapons in Syria. The draft decision, sponsored by 30 countries, was adopted at the fourth special session of the conference of the states parties to the Chemical Weapons Convention at the Hague, with 82 in favour and 24 negative votes. While Europe, the United States and their allies voted ‘yes’, there was strong oppo...
Read more

As financial insecurity rises in urban India, so does investment in insurance

Image
Scroll.in March 13, 2020 Urban Indians are becoming less confident about their financial security. Up to 58% of them fret over financial independence post retirement, which is a 4% increase from last year. An equal share of urban Indians worry about meeting their daily medical expenses and sustaining their current lifestyle once they stop working. The findings are part of a survey published by Delhi-based Max Life Insurance in association with London-based consultancy Kantar. The firms surveyed 7,014 respondents in 25 cities, including six metros, nine tier-1 cities, and 10 tier-2 cities, between December 2019 and January 2020. Source: Max Life Insurance via Quartz The trends Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz A significant share of urban Indians also say their families will have no financial support in the event of the breadwinner’s death. In such a scenario, around 57% believe the family sav...
Read more

ED tracks Swiss Bank A/Cs of Agusta scamster

The Poineer February 10,2019 Rakesh K Singh The Enforcement Directorate (ED) has tracked a dozen Swiss bank accounts in the name of Rajiv Saxena, who is key accused in the Rs 3,600 crore AgustaWestland VVIP chopper scam. The ED has also found out accounts held by  his family members and associates where the kickbacks in the now scrapped deal were allegedly parked. Two bank accounts are in the name of Rajiv Saxena’s  associates Pankaj Jain and Sumita Jain who are also the authorised signatories. The  third is in the name of another associate Ajit Singh Bubber, but Rajiv and his family members are authorised signatories. The remaining nine accounts are largely owned and operated by Rajiv, his family members and associates. Rajiv Saxena was deported by the UAE authorities on January 30 and the ED formally arrested him the next day and a court later granted his remand to the agency. He is currently undergoing custodial interrogation by the ED. The agency had in 2017...
Read more