Intelligence agencies have unearthed the financial dealings of Karnataka Congress Minister D K Shivakumar with Congress leaders Ahmed Patel and P Chidambaram. According to the findings, Shivakumar was acting as the money bag of Congress high command through Ahmed Patel and Chidambaram from 1999 onwards. The mega money trails started on a regular basis from 2000, when he became the Urban Development Minister in S M Krishna’s Government. Though he started out as Krishna’s man, taking cuts from Urban Development ministry projects by real estate giants, soon Shivakumar short-circuited the aging Krishna and established direct contact with 10 Janpath through Ahmed Patel and Chidambaram, say investigators.

Recent searches during Demonetisation unearthed huge piles of cash from Shivakumar’s homes in Bangalore and Delhi and the Income Tax agencies are at a final stage of analysing the empire of money laundering through him by the top Congress leadership.

The Intelligence agencies corroborated their findings with the Income Tax Investigation Unit and say that a clear Disproportionate Assets (DA) case can be registered against Shivakumar even based on his declaration to the Election Commission which currently shows a wealth of Rs.840 crores, in itself a quantum jump from the previous declarations.

In 2013, Shivakumar declared his assets as around Rs.250 crores. Comparing his 2008 election affidavit, there is an increase of Rs.176 crores, which is a clear candidate for registering a DA case considering the judgments in former Tamil Nadu Chief Minister Jayalalithaa’s DA case.

The Income Tax’s analysis report also exposes Shivakumar’s money trail with Congress high command through Ahmed Patel and Chidambaram-associated persons. When the agencies started verifying the Registrar of Company records of the firms related to Shivakumar and family, they found a lot of discrepancies. Recent searches during Demonetisation unearthed huge piles of cash from Shivakumar’s homes in Bangalore and Delhi and the Income Tax agencies are at a final stage of analysing the empire of money laundering through Shivakumar by top Congress leadership.

The Intelligence agencies point out that the Congress’ Delhi leadership was channelizing thousands of crores of corruption money from Karnataka through Shivakumar. In every project, prompt cuts were flown to Delhi by air and road apart from the Dubai based hawala operations, details the Intelligence report. The report says that till May 2014, during the UPA regime, hard cash was flown to Delhi openly. The report also says benami bank accounts were operated in Bangalore and Delhi for the transit of huge money and they were suddenly abandoned after May 2014. The report further details the roles of certain bankers in these operations of benami accounts for easy transit to Delhi.