ED challenges in SC bail granted by HC to DK Shivakumar in money laundering case
New Delhi, Oct 25: The Enforcement Directorate moved the Supreme Court Friday challenging the Delhi High Court decision granting bail to Karnataka Congress leader D K Shivakumar in a money laundering case.
A lawyer associated with the case said that Special Leave Petition against the October 23 verdict giving relief to Shivakumar has been filed.
He was arrested by the ED on September 3 and walked out of the Tihar Jail on Wednesday evening.
He was in Judicial custody as the trial court had denied him bail in the case.
The High Court on Wednesday granted him bail saying he cannot tamper with the evidence as the documents are with the investigating agencies.
The ED had opposed his bail plea saying he was an influential person and he could tamper with evidence and influence witnesses if released.
Shivakumar, a 7-time MLA in Karnataka, was booked along with Haumanthaiah -- an employee at Karnataka Bhavan in New Delhi-- and others for alleged offences under the Prevention of Money Laundering Act (PMLA).
The case was based on a charge sheet filed by the Income Tax Department against them last year before a special court in Bengaluru on charges of alleged tax evasion and 'hawala' transactions worth crores or rupees.
The I-T department has accused Shivakumar and his alleged associate S K Sharma of indulging in transactions involving huge amounts of unaccounted money on a regular basis through 'hawala' channels with the help of three other accused.
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Adani Group emerges lowest bidder for Bengaluru’s 16.75-km tunnel road project
Bengaluru: The Adani Group has become the lowest bidder for both packages of the proposed 16.75-km tunnel road project in Bengaluru, according to sources familiar with the bids opened by Bengaluru Smart Infrastructure Ltd (B-SMILE).
According to a report published by Deccan Herald on Monday, the government estimated the entire project to cost Rs 17,698 crore, while the Adani Group has quoted Rs 22,267 crore. The ports-to-power conglomerate’s bid is about 24% higher for the first package and 28% higher for the second than the government’s estimates, a gap that could prompt authorities to seek the state Cabinet’s approval on the tenders’ fate.
M Maheshwar Rao, Chief Commissioner of the Greater Bengaluru Authority (GBA), who is also the Managing Director of B-SMILE, declined to comment.
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In all, four infrastructure companies had participated in the tenders for the project, which has been proposed under the build-operate-transfer (BOT) model, with 40% funding from the government and the remaining investment to be raised by the private concessionaire.
During the technical evaluation, the Adani Group and the Hyderabad-based Vishwa Samudra Engineering Ltd qualified for the financial round.
According to the report, Dilip Buildcon was disqualified due to a clause that bars firms linked to collapsed bridges or tunnels, while Rail Vikas Nigam Ltd (RVNL) was rejected because its joint venture (JV) partner did not meet technical requirements.
With only two companies left in the fray, the Adani Group emerged as the lowest bidder, ahead of Vishwa Samudra.
The tunnel project officially named the North–South underground corridor, is part of the Congress government’s ambitious to ease Bengaluru’s traffic congestion by building two major underground roads (totalling 40 km) along with 13 flyovers and elevated corridors.
The project is the brainchild of Deputy CM D K Shivakumar, who is also the Bengaluru development minister.
The proposal, however, has faced criticism and political opposition, especially from senior BJP leaders, who object to the alignment that requires acquiring six acres of Lalbagh Botanical Garden, a historic green space.
As per the report, Urban mobility experts have also warned that the tunnel corridor may clash with the alignment of Namma Metro’s Phase 3A, possibly affecting the metro expansion.
