Income-tax raids on properties allegedly linked to Karnataka energy minister DK Shiva Kumar continued across the state for the second consecutive day on Thursday, with strong indications that the Enforcement Directorate (ED) is likely to take over the probe.
In a swoop that raised a political storm, the I-T department conducted searches at 64 locations in a tax-evasion case in the past 48 hours.
About Rs 10 crore in cash had been recovered since Wednesday. The department is investigating Kumar in a case of alleged tax evasion and huge undisclosed investments in real estate and jewellery, and some investments allegedly linked to him in Singapore and other foreign locations.
ED has asked for evidence and, if satisfied with it, is likely to visit Kumar's residence on Friday . They received a formal complaint against Kumar from Guruprasad, a resident of Ramanagara, Kumar's home district.
To disprove the claims of IT sources, Kumar's family released the I-T department's 'panchanama' document drawn up at his residence to suggest that the officials were making a vain attempt. "Not a single rupee was seized by the officials in the nearly 48-hour operation," said a family member, sharing the document.
The panchanama, signed by senior I-T officers ON Hari Prasad Rao, director general of income tax (DGIT), suggests there was no recovery so far. "The truth has prevailed. They have not managed to get anything from us," a family member said.
I-T officials neither denied nor confirmed the claims of Kumar's family.