I-T raids on individuals, firms linked to Shivakumar
Operations are part of probe into assets case against Karnataka Minister
In what can be termed phase-II of tax action against Karnataka Energy Minister and Congress leader D.K. Shivakumar, Income Tax sleuths conducted search, seizure and survey operations against 10 individuals and firms linked to the Minister on Wednesday.
The multi-city raids covered premises in Bengaluru, Chennai and New Delhi and were conducted simultaneously from Wednesday morning.
The search and seizure operations were a continuation of the probe into the disproportionate assets case against the Minister.
Income Tax sleuths conducted marathon four-day, D.K. Shivakumar multi-city search operations against him and 40 other firms as well as individuals linked to him earlier this month.
The operations on Wednesday were mostly linked to his official position as Energy Minister. Searches were conducted on premises belonging to Vishwanath Reddy, OSD to the Minister and a retired IAS officer, Sridhar, the Minister's personal secretary, apart from a host of companies from the power sector.
The IT sleuths conducted search operations against Anil Kumar, linked to a power company in Chennai, apart from a couple of energy firms in New Delhi and Bengaluru. Searches were also conducted at premises belonging to two close aides of the Minister — Vijay Mulugund, Secretary, Karnataka Pradesh Congress Committee, and Yogish Honnur.
IT sources said these individuals and firms were targeted based on the leads the IT sleuths acquired during the probe against the Minister following the marathon raids and detailed questioning of the assessees. IT sources had then claimed that the search operations had led to the unearthing of undisclosed income of nearly ₹300 crore, though there has been no clarity as to what part of it belonged to the Minister and his family.
Meanwhile, Mr. Shivakumar told reporters in Mysuru that he too had several “powerful weapons” which he would use effectively at an appropriate time. The Minister, who offered pooja at the Chamundeshwari temple in Mysuru, said the IT raids had not crushed his morale and confidence.