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CBI Sends Notice to Jaihind Channel for Information on DK Shivakumar’s Investments

The CBI has issued a notice to Jaihind channel, based in Kerala, seeking information on investments made by Karnataka Deputy Chief Minister DK Shivakumar. The request is part of an ongoing disproportionate assets case against the Congress leader. The Bengaluru unit of the CBI, investigating the case, summoned the Managing Director of Jaihind Communications Pvt Ltd to appear on January 11, 2024. The notice, issued under Section 91 of the CrPC, instructs the channel to provide details of investments made by Shivakumar and his wife Usha Shivakumar, including dividends, share transactions, financial transactions, bank details, statement of holdings, ledger accounts, contract notes, and transactions related to all share transactions. The CBI also seeks information on investments made by Shivakumar’s son and other family members in the channel.

Jaihind Managing Director B S Shiju confirmed receiving the CBI notice and assured that they would provide all requested documents, emphasizing the absence of illegality. Shiju alleged that the CBI’s action is a manifestation of political vendetta by the BJP-led government at the Centre. He claimed that the case had been previously investigated and closed by the BJP-led Karnataka government due to the lack of identified illegality. Shiju suggested that the reopening of the case is an attempt to harass the Congress party and its leaders ahead of the upcoming Lok Sabha polls. The CBI initiated the case against Shivakumar in 2020, alleging that he had amassed assets worth over Rs 74 crore between 2013 and 2018, disproportionate to his income.

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