Karnataka Congress leader DK Shivakumar who was arrested in money laundering case on September 3 has been granted conditional bail against personal bond of Rs 25 lakh and securities
New Delhi: The Delhi high court has granted conditional bail to Karnataka Congress leader DK Shivakumar. He was arrested in connection with the money laundering case.
The court has directed Shivakumar not to leave India without its permission.
DK Shivakumar was granted bail on a personal bond of Rs 25 lakh and securities. He was in judicial custody in Tihar Jail. His bail pleas were rejected by the trial court earlier.
After the hearing on October 17, the Delhi high court had reserved its order on Shivakumar's bail plea.
DK Shivakumar was arrested by the Enforcement Directorate on September 3. Soon after the arrest, Shivakumar had spent 10 days in ED custody and was then remanded to Tihar Jail. The seven-time MLA from Karnataka will be out of jail after being in prison for nearly two months.
Meanwhile, Karnataka's former CM Kumaraswamy had met Shivakumar on October 22 and Congress leader Sonia Gandhi met him today before the order on bail plea was announced.
There were reports that the Central Bureau of Investigation (CBI) was also planning to arrest DK Shivakumar under the Prevention of Corruption Act (PCA).
Reports also claimed that CBI is preparing grounds to take Shivakumar into its custody with the details on his alleged hawala transactions, kickbacks in power purchase, solar scam and also alleged illegal conversion of demonetised notes.
The Income Tax Department had also conducted raids on August 2, 2017 on various properties owned by DK Shivakumar and had seized Rs 8.6 crore unaccounted money from his residence in Delhi.
Last Updated 3:21 PM IST