In a major relief, the Supreme Court today quashed the money laundering case against DK Shivakumar, Congress’ powerful leader from Karnataka.
A two-judge bench led by Justice Surya Kant dismissed the proceedings, observing no link was established between recovered cash and laundering.
The ED had booked Shivakumar in 2018 after ₹8.59 crores were found at his Delhi home during an I-T raid in a purported tax evasion investigation.
But he cried political vendetta, alleging the BJP was misusing agencies. He moved to court demanding the quashing of the ED summons, but the high court refused relief.
The court noted the Prevention of Money Laundering Act procedure was not followed, bringing cheer to the beleaguered leader.
In 2019, Shivakumar was arrested and spent over three weeks in Tihar before securing bail. He had full faith in the judiciary.
Today’s verdict has exonerated him from the allegations that plagued his political career for years. It comes as a huge reprieve in challenging times.
