According to report the Income-Tax Department found links between DK Shivakumar and VG Siddhartha when the former’s properties were raided in August 2017. Meanwhile reports suggest that it was these dealings with Shivakumar that landed the Coffee Day founder under the I-T lens. Reportedly DK Shivakumar, who has declared assets over Rs 700 crore is also one of the richest politicians in Karnataka.
Furthermore he came under the I-T scanner after his properties were raided in August 2017, the day 44 Gujarat Congress MLAs were flown down to stay at a resort near Bengaluru to ensure ahmed Patel was re-elected to the Rajya Sabha. Shivakumar was Congress’ troubleshooter to ensure none of the MLAs were poached by the BJP ahead of the Rajya Sabha Election. Reportedly the I-T sleuths had also raided Shivakumar’s financial consultant N Chandrashekhar Sukapuri and during this search, the investigators allegedly found evidence to financial transactions of the Shivakumar’s kin with Café Coffee Day Ltd and M Soul Space.
Moreover Shivakumar’s brother and Congress MP DK suresh also told TOI that the I-T department was in a hurry to attach Siddhartha’s shares in MindTree, in which he held 20.3% stake. He told “Rules specify that attachment of assets is not to be done at the preliminary stage. In Siddhartha’s case, the assignment is yet to be done and tax demand is yet to be determined, but I-T officials rushed to attach his assets at a time when he wanted to sell them to repay debts”.
