The Enforcement Directorate (ED) has enrolled an illegal tax avoidance body of evidence against Karnataka serve D K Shivakumar and few others based on an asserted tax avoidance and hawala exchanges case, officials said.The office has booked Shivakumar, Haumanthaiah, a representative at Karnataka Bhavan in New Delhi, and others under the Prevention of Money Laundering Act (PMLA), they said. The case has been documented in view of a charge sheet filed by the Income Tax Department against him early this year prior to an special court in Bengaluru on charges of confirmed tax avoidance and hawala exchanges worth crores.
The company is relied upon to call the denounced soon to record their statements.The IT Department has denounced Shivakumar and his partner S K Sharma of transporting colossal measure of unaccounted money all the time through ‘hawala’ channels with help of three other charged. he IT office had claimed that each of the five denounced plotted to sidestep charge.
“The analysis of evidence show that the Minister has set up a broad system of people and premises crosswise over Delhi and Bangalore to transport and use unaccounted money,” it asserted. He was supposedly associated with composed tax avoidance as a feature of scheme by drawing in others, the division said. Unaccounted money of roughly Rs 20 crore was found and seized amid assaults in New Delhi and Bengaluru last August which were specifically relatable to Shivakumar, it had said. Shivakumar has asserted that the IT office was focusing on him and not giving him a chance to inhale but rather he would battle the case lawfully. An special court had given Shivakumar a conditional bail for this situation at some point back and the following date of hearing is September 20.