After 50 days in jail, DK Shivakumar finally secures bail in ED case

DK Shivakumar has been in jail since September 3 after he was arrested by the Enforcement Directorate in connection with a money laundering case.
After 50 days in jail, DK Shivakumar finally secures bail in ED case
After 50 days in jail, DK Shivakumar finally secures bail in ED case
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Former Karnataka Minister and Congress troubleshooter DK Shivakumar was granted bail by the Delhi High Court on Wednesday, in connection to a money laundering case against him.

He has to furnish a bond of Rs 25 lakh and cannot leave the country without the trial court’s permission.

The development comes just after Congress Interim President Sonia Gandhi visited the former Karnataka water resource minister in Tihar jail. 

Shivakumar has been in custody since September 3, 50 days after he was arrested by the Enforcement Directorate. His previous applications for bail was rejected by the trial court.

While his police custody ended on September 19, he was remanded to judicial custody till October 1 by the Rouse Avenue court. He was reportedly lodged in the same jail compound as former Finance Minister P Chidambaram.

The ED had been probing accusations of money laundering registered against DK Shivakumar since August 2017, when a cash amount of Rs 8.86 crore was found at his New Delhi residence. 

Allegations against DKS include that he, along with his associates, transferred unaccounted money through hawala transactions to the Congress top brass.

On September 12, DK Shivakumar’s daughter Aishwarya too had appeared before the ED and was questioned for seven hours in connection with the case. At the time, officials from the ED stated that she was being questioned about a trust fund set up in her name. The ED also interrogated her regarding the increase in her wealth between 2013 and 2018. Shivakumar had declared that his daughter held assets worth Rs 108 crore, ahead of the 2018 state Assembly elections. However, in 2013, she supposedly had only Rs 1.09 crore.

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