Bengaluru: HC directs CBI to refund Rs 53 lac to D K Shivakumar's associate


Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Mar 5: The state high court (HC) has directed the Central Bureau of Investigation (CBI) to release Rs 53 lac in cash recovered during its raid on the residence and company of Sachin Narayan, a close associate of KPCC president, D K Shivakumar. The raid had been conducted on the allegation of money laundering.

A petition lodged by Sachin Narayan and his company came up before a single judge bench chaired by Justice Michel D’Cunha on Thursday. Advocate for the petitioner argued that the petitioner is not in any way connected with the case. He said that the sum of Rs 43 lac belonging to his company and five lac rupees being personal cash were seized by the CBI. Advocate Prasannakumar also lamented the fact that the CBI had not released the money even after proof about ownership of cash was furnished.

The bench said that the documents on the fact of it prove that the cash belongs to the petitioner. Therefore, it said that the court does not see any need to retain the money with the court and directed the CBI to give the money back and continue to probe the case.

  

Top Stories


Leave a Comment

Title: Bengaluru: HC directs CBI to refund Rs 53 lac to D K Shivakumar's associate



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image