Delhi High Court to pronounce judgment on DK Shivakumar's bail plea today in ED money laundering case
The Delhi High Court will pronounce its judgement on Wednesday on a bail plea filed by former Karnataka minister DK Shivakumar in an alleged money laundering case.
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DK Shivakumar was arrested on 3 September by the Enforcement Directorate (ED) and has been in judicial custody in the Tihar jail
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The Congress leader had moved to the high court after a trial court rejected his bail application, asserting that he was not entitled to avail it at that stage of the investigation
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ED had registered a case of money laundering against Shivakumar ED in September last year, based on a complaint filed by the I-T department, alleging tax evasion and hawala transactions amounting to crores
New Delhi: The Delhi High Court will pronounce its judgement on Wednesday on a bail plea filed by former Karnataka minister DK Shivakumar in an alleged money laundering case.
On 17 October, the court had reserved its judgement on his bail application.
File image of Karnataka Congress leader DK Shivakumar. ANI
Shivakumar was arrested on 3 September by the Enforcement Directorate (ED) and has been in judicial custody in the Tihar jail.
The Congress leader had moved to the high court after a trial court rejected his bail application, asserting that he was not entitled to avail it at that stage of the investigation.
The court while rejected his bail plea had said that the investigation is at an initial stage and the agency must get a free and fair chance to reach a logical conclusion.
During the course of proceedings, the agency had produced a host of documents before the high court including a list consisting of 317 bank accounts allegedly belonging to the accused.
The alleged money laundering case was registered against him by the ED in September last year, based on a complaint filed by the Income Tax department, alleging tax evasion and hawala transactions amounting to crores.
The I-T Department, during the initial probe, had allegedly found unaccounted and misreported wealth linked to Shivakumar.
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