Release cash seized from DKS aide: HC | Bengaluru News – Times of India

Bengaluru: The Karnataka high court has directed release of cash seized by the Central Bureau of Investigation from the registered office of a Bengaluru-based company and from the residence of Sachin Narayan, a close associate of KPCC president DK Shivakumar.
Justice John Michael Cunha has said that there is no prima facie material to show the cash seized from Wellworth Software, Bengaluru, or the residence of Sachin is related to the proceeds of the crime alleged against DK Shivakumar or his wife.
No proof to show crime link to seized cash: Court
As per the high court’s order, Rs 47.9 lakh has to be released in favour of Wellworth Software and Rs 5.4 lakh in favour of Sachin subject to the execution of an indemnity bond for the equal amount and surety for the like sum to the satisfaction of the trial court, in terms of guidelines issued by the Supreme Court in the Sunderbhai Ambalal Desai vs State of Gujarat case.
The CBI seized the cash as part of probe into illegal assets case against the Congress leader from April 1, 2013 to April 30, 2018 under the Prevention of Corruption Act. Wellworth Software and Sachin Narayan submitted applications, seeking release of the cash. After the trial court rejected it on November 20, 2020, they moved the HC contending they were the rightful owners of the money.
According to them, the company is in the business of multisystem operators and collected cash from cable operators. Before the money could be deposited in the bank, it was seized by police, they claimed.
The CBI claimed Sachin is a business partner of Shivakumar’s wife, who is also an accused, and probe into the source of her funds is in progress.

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Sagar Biswas

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