IT Raid on Karnataka Minister Shivakumar Finds 300 Crores ‘Undisclosed Income’

shivkumar_647_080617013913The investigating wing of the Income Tax department conducted raids on Karnataka minister DK Shivakumar and his family and associates; more than Rs. 300 crore in “undisclosed income” has been found.

The tax raid on Shivakumar’s home that began on Wednesday and continued till early next morning has ended, officials said. Over 60 locations related to the minister in Karnataka and Delhi were searched in the span of four days. About Rs. 100 crore of this was found from Shivakumar as he is known, and his family, they said.

IT sleuths claimed to have seized over Rs. 15 crore in cash and jewellery from more than 60 locations linked to Shivakumar.

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