'DKShi amassed disproportionate assets worth Rs 74.93 crore!'

Bengaluru: The Central Bureau of Investigation (CBI) officials who conducting several raids at multiple locations throughout Monday at KPCC president DK Shivakumar’s residence said that the former minister amassed disproportionate assets worth Rs 74.93 crore

In a statement, CBI informed, “A case has been registered against former Minister of Karnataka Government(Presently MLA) on the allegations of possession of disproportionate assets to the tune of Rs.74.93 crore(approx) in his name and in the name of his family members.”

“It may be recalled that Government of Karnataka has issued a notification u/s 6 of DSPE Act and it was followed by a Notification u/s 5 of DSPE Act issued by Government of India after which CBI had initially registered a Preliminary Enquiry during March, 2020 against the said MLA and others in the matter,” the statement read.

“Searches were conducted today at 14 locations including Karnataka, Delhi, Mumbai at the premises of said MLA and others which led to recovery of cash of Rs.57 lakh(approx) and several incriminating documents including property documents, bank related information, computer hard disk etc. Investigation is continuing,” it said.

the Central Bureau of Investigation (CBI) carried out raids at 14 locations linked to Karnataka Congress President D K Shivakumar, in connection with allegations of acquisition of disproportionate assets.