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D K Shivakumar, family, aides have 317 accounts, laundered Rs 200 crore: ED

The ED alleges that its investigation has revealed that Shivakumar generated large sums of money by misusing his position as an MLA and a minister in the Karnataka government. The ED argued that when confronted the politician was not in a position to explain the source of these deposits. Singhvi submitted that Shivakumar was in need of proper medical care as his blood pressure remained on the higher side. The ED claimed that the acquisition of several immovable properties in the name of his family members was detected. “It is pertinent to note that one person summoned during the proceedings is his daughter and it is found that a transaction to the tune of Rs 108 crore was made in her name,” the ED said.

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