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Home Supreme Court Dismisses Money Laundering Case Against DK Shivakumar

Supreme Court Dismisses Money Laundering Case Against DK Shivakumar

In an enormous reduction to Karnataka’s Deputy Chief Minister DK Shivakumar, the Supreme Court docket right now dismissed a 2018 cash laundering case towards the Congress chief.

The Congress chief was arrested by Enforcement Directorate (ED) officers in September 2019 in reference to this case. The Delhi Excessive Court docket granted him bail the following month. Mr Shivakumar had then accused the BJP of political vendetta and mentioned he had full religion within the judiciary.

The ED’s investigation had adopted Revenue Tax division’s raids on premises linked to the Congress chief and his aides in 2017. Officers had then mentioned money price practically Rs 300 crore was recovered in these raids. Mr Shivakumar had hit again, saying that the money was linked to the BJP.

“Query of whether or not 120B IPC can represent a predicate standalone offence to allow ED to invoke PMLA has already been determined by the Supreme Court docket,” the court docket mentioned.

In November final yr, the Supreme Court docket dominated that felony conspiracy – beneath 120 B of IPC – can be handled as a scheduled offence beneath the Prevention of Cash Laundering Act, provided that the alleged conspiracy is to commit an offence included within the Schedule to the Act. The ED has sought a evaluate of this ruling.

The court docket right now mentioned that the company is free to see a recall of right now’s order if the ED’s evaluate request is accepted.

Mr Shivakumar had in 2019 approached Karnataka Excessive Court docket and sought dismissal of summons issued by ED. On discovering no reduction there, he approached the Supreme Court docket.

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