The Enforcement Directorate on Thursday questioned former Karnataka Water Resources Minister DK Shivakumar's daughter Aisshwarya Shivakumar for seven hours in connection with the money laundering case registered against him.
Sources with the ED told TNM that Aisshwarya was questioned about her business trip to Singapore with her father in July 2017 and the business transactions she carried out along with Coffee Day founder VG Siddhartha.
The ED also questioned Aisshwarya Shivakumar about her alleged investment in a green energy company in Kolar. "Aisshwarya Shivakumar had invested Rs 3 crore in the green energy company. We are investigating if DK Shivakumar was siphoning off money using his daughter as a benami account holder," an ED source said.
ED officials say that the solar plant in Kolar will be searched on Friday. Aisshwarya has been summoned for questioning on Friday at 11 am.
"Aisshwarya Shivakumar said that all the transactions involving her were done with her knowledge. She answered questions related to her business holdings. The ones she claimed to not know, she consulted with her CA and answered. She maintained that her father was only supporting her business goals and that she has paid all taxes on time. She did not confess or state that any business transaction was done without her knowledge," the ED source added.
The ED has also questioned co-accused in the money laundering case, Sachin Narayan, a close associate of DK Shivakumar.
ED sources familiar with the probe told TNM that Sachin Narayan and DK Shivakumar were directors of a company named Zeus Constructions Pvt Ltd, which was founded in 2004. Sources say that DK Shivakumar and Sachin Narayana were directors of the company until 2014.
"Sachin Narayana and his wife Priya were also directors in this company. Zeus Constructions Pvt Ltd bought a house in Safdarjung Enclave in New Delhi in 2016. At the time DK Shivakumar was not a director of the company. We are probing whether this was a shell company," the ED source added.
The investigating agency officials allege that DK Shivakumar was using the flat that belonged to Zeus Constructions Pvt ltd to store unaccounted cash, which he allegedly gave to the Congress high command. "Sachin Narayana was questioned about all of this," the source added.