Raid on CMs relative, Rs 6 crore seized in Shivamogga

Income-Tax officials have seized Rs 6 crore from the bank lockers of D T Paramesh, who was among the contractors and engineers searched by Income-Tax department officials on March 28.

Income-Tax officials have seized Rs 6 crore from the bank lockers of D T Paramesh, who was among the contractors and engineers searched by Income-Tax department officials on March 28.

According to sources, the money was seized on Thursday from the lockers after officials found that Paramesh held multiple bank lockers during search operations at his residence in Shivamogga. Paramesh, according to Chief Minister H D Kumaraswamy was a distant relative of JD(S) supremo H D Deve Gowda. 

"His residence was included in the search operations on the basis of specific intelligence that he had hidden huge cash collected from contractors. The money would then be passed on to politicians to be used for electioneering and distribution among voters," sources told Deccan Herald. 

Though the officials have found records of these bank lockers, Paramesh had claimed that he had lost the locker keys. On Thursday, I-T officials decided to break open these lockers where cash exceeding Rs 6 crore was found`. Apart from it, incriminating documents were also found during the search.

Sources added that Kumaraswamy had commented on the raids on Paramesh, noting that he was a distant relative and nothing was found at his premises. 

With the seizure, the total worth of cash and ornaments seized is now around Rs 10 cr. 

Seizure of cash shocks Paramesh 's employees 

The seizure of Rs 6 crore from the bank lockers of D T Paramesh, a relative of JD(S) Supremo H D Deve Gowda, and proprietor of Shruti Motors, Maruti Suzuki authorised dealer, has shocked employees of the showroom situated on Shankar Mutt road in the city.

Speaking to DH, one of the employees of the showroom said "we are all shocked by the development. Our employer was not visiting the outlet on a regular basis in recent days. But we are confident that he would come out clean."

 It may be mentioned here that Paramesh runs three Maruti Suzuki showrooms in three district headquarters-Shivamogga, Chikkamagaluru and Davangere.

A team of officials of the Income-tax department had raided the residence and car showrooms of entrepreneur D T Paramesh on March 28.  The officials had raided the Shruti motors showroom on Shankat Mutt road, Nexa showroom near DVS college and the residence at Sharavathinagar and confiscated the documents related to property and bank transactions.

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Raid on CMs relative, Rs 6 crore seized in Shivamogga

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