STOCK MARKET BSE NSE

I-T claims recovering unaccounted assets worth Rs 300 crore from Shivakumar, Karnataka minister to answer with papers

Of this, Rs. 100 crore, including  Rs. 15 crore worth of cash and jewels, are said to be in the possession of Shivakumar while his name is associated with the rest of the assets worth Rs. 200 crores.

Published: 06th August 2017 08:10 AM  |   Last Updated: 06th August 2017 11:00 AM   |  A+A-

Karnataka's Minister for Energy D K Shivakumar (Nagaraja Gadekal | EPS)

By Express News Service

BENGALURU: As the income-tax raids on the properties of Energy Minister D K Shivakumar and his relatives ended on Saturday morning, the man in the eye of the storm refused to comment much on the exercise that stretched over three days.

“The truth will come out,” said Shivakumar, even as I-T department sources claimed to have unearthed “unaccounted assets” worth Rs 300 crores. Of this, Rs 100 crores, including Rs 15 crore worth of cash and jewels, are said to be in the possession of Shivakumar while his name is associated with the rest of the assets worth Rs 200 crores. Officials added that figures were bound to rise after the documents were carefully scrutinised.

Before the 2013 Assembly election, Shivakumar had declared assets worth Rs 251 crores, making him one of the richest politicians in the country.

An unfazed Shivakumar, who visited a temple on Saturday morning before joining the 44 Gujarat Congress MLAs at Raj Bhavan to meet Governor Vajubhai Vala, said, “I have always respected the Constitution and been under the confines of the law. Let the panchanama be prepared and then I will answer all questions .”

He later escorted the MLAs to the Vidhana Soudha and took them on a tour of the building.

Shivakumar also apologised for the remarks made by his mother against Chief Minister Siddaramaiah, saying they were made inadvertently. He added that Siddaramaiah had always supported him.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp