Rs 5 crore cash found in raids on former Karnataka deputy CM, others

Rs 5 crore cash found in raids on former Karnataka deputy CM, others
Former Karnataka deputy chief minister G Parameshwara.

Bengaluru: A month after Enforcement Directorate arrested Karnataka Congress leader DK Shivakumar in connection with the money laundering case, the Income Tax Department has seized about Rs 5 crore cash during raids against former Karnataka deputy chief minister G Parameshwara and others.

They said the raids that began on Thursday are ongoing at about 25 locations.

About Rs 5 crore cash has been seized till now from various premises that were searched, they said.

In coordinated raids, more than 300 Income Tax sleuths swooped down on premises linked to two prominent Congress leaders in Karnataka - the former deputy chief minister and former MP R L Jalappa's son J Rajendra.

The raids are in connection with a multi-crore tax evasion case linked to the NEET exams, officials said.

Besides raiding the office, residence and institutions belonging to Parameshwara, the I-T officials also searched the residence of his brother G Shivaprasad and personal assistant Ramesh, sources in the department said.

While Parameshwara's family runs the Siddhartha Group of Institutions, which was established by his father H M Gangadharaiah 58 years ago, Rajendra runs the R L Jalappa Institute of Technology at Doddaballapura and Kolar.

DK Shivakumar, a former Karnataka cabinet minister, was arrested by the ED on September 3 and has been in the agency's custody since.

The central agency in September last year registered a money laundering case against Shivakumar, Haumanthaiah, an employee at the Karnataka Bhavan in New Delhi, and others.

The criminal case was filed based on an Income Tax Department charge sheet filed against Shivakumar and others before a court in Bengaluru for alleged tax evasion and hawala dealings.

(With inputs from PTI.)