Daijiworld Media Network - New Delhi (SP)

New Delhi, Sep 19: Former Karnataka minister and Congress leader, D K Shivakumar's lawyer, Abhishek Manu Singhvi, who appeared in the Supreme Court on behalf of his client on Wednesday September 18, claimed that the enforcement directorate (ED) had grossly miscalculated the property inherited by Shivakumar and his daughter. He felt that the money laundering case filed against Shivakumar is untenable.

Arguing before the special judge Ajay Kumar Kuhar, Singhvi claimed that his client had disclosed all the assets he owned in the election affidavit.

The lawyer said that Shivakumar's daughter Aiswharya, had borrowed money and that Rs 79 crore of the money was in the form of investment. So, a total of Rs 108 crore stands in the name of Aishwarya. He claimed that she also had inherited properties from her grandmother, and that she had paid her income tax promptly.

D K Shivakumar

Singhvi also argued that Shivakumar's property price escalated exponentially because of rapid urbanization.

Singhvi further stated that the enforcement directorate was trying to show cash seized from the driver of Sharma Transport to be belonging to Shivakumar. He also sought to dismiss the notion presented by the ED that Shivakumar was having Rs 800 crore parked in 317 bank accounts.

The court adjourned the issue to Thursday, after observing that additional solicitor general, K M Nataraj, was absent. Nataraj represents enforcement directorate.

Shivakumar, who was admitted into hospital on Tuesday, continued to be in hospital as he was not feeling well. He was arrested on September 3 after failing to properly explain huge stack of cash found in some buildings which reportedly belonged to Shivakumar. He was remanded to 14-day judicial custody on Tuesday, and has sought bail.