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Enforcement Directorate grills co-operative bank president in money laundering case concerning Shivakumar

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New Delhi: The Enforcement Directorate (ED) on Wednesday questioned the president of Karnataka State Apex Co-operative Bank in connection with a probe into the money laundering case filed against Congress leader D K Shivakumar.

The investigating agency had summoned K N Rajanna to probe his role in sanctioning loan to a sugar firm owned by a close associate of Shivakumar.

Shivakumar was arrested on September 3 and will be in the judicial custody in Tihar jail till October 15.

A money laundering case was registered against Shivakumar by the ED in September last year, based on a complaint filed by the Income Tax department, alleging tax evasion, hawala transactions running into crores.

In the last hearing, the court had allowed ED to interrogate Shivakumar on October 4 and 5 inside jail. Earlier, his brother and Congress lawmaker DK Suresh was also summoned by the ED in connection with the probe.

Source: Zee News