Delhi High Court grants bail to Karnataka Congress leader DK Shivakumar in money laundering case

Shivakumar had moved the Delhi High Court last month after his bail plea was rejected by the Special CBI Court.

The Delhi High Court on Wednesday granted bail to DK Shivakumar, veteran leader of the Karnataka Congress who was arrested in connection with a money laundering case. The bail was granted on a personal bail bond of Rs 25 lakh with two sureties of the like amount.

The Court observed that further continuation of the veteran leader’s arrest and custody was not required since he had already been interrogated extensively. However, the Court instructed Shivakumar to co-operate with further investigative proceedings.

The Delhi High Court on Wednesday granted bail to DK Shivakumar, veteran leader of the Karnataka Congress who was arrested in connection with a money laundering case. The bail was granted on a personal bail bond of Rs 25 lakh with two sureties of the like amount.

The Court observed that further continuation of the veteran leader’s arrest and custody was not required since he had already been interrogated extensively. However, the Court instructed Shivakumar to co-operate with further investigative proceedings.

Shivakumar had moved the Delhi High Court last month after his bail plea was rejected by the Special CBI Court.

The money-laundering case was registered by the Enforcement Directorate (ED) against Shivakumar in September last year, based on a complaint filed by the Income Tax (IT) department.

The I-T department, during the initial probe, had allegedly found unaccounted and misreported wealth linked to Shivakumar.

Source: DNA

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