The Enforcement Directorate (ED) on Thursday questioned Aisshwarya (22), daughter of senior Congress leader and former minister DK Shivakumar for 7 hours in connection with the money laundering case registered against him.
DK Shivakumar was charged under the Prevention of Money Laundering Act (PMLA) for evading taxes and carrying out illegal transactions.
The ED summoned the 22 year old management graduate to Delhi on Thursday and recorded her statements in connection with the case. Aisshwarya has reportedly entered the ED office at 10.30 am and left around 7.30 pm.
ED called on her to know how she managed to increase her net worth from Rs 1 crore in 2013 to Rs 100 crore in 2018.
The ED allegedly questioned her regarding the business trip to Singapore along with her father in 2017 and also about the transactions she carried out with the late Café Coffee day founder VG Siddhartha.
Aisshwarya is also a trustee in the education trust founded by her father. The trust that funds many educational institutions including engineering colleges holds assets worth crores of rupees.
According to sources Aisshwarya presented some personal financial documents. The Agency is believed to have questioned her by presenting the statements given by her father.
After the interrogation, the Enforcement Directorate said “Aisshwarya Shivakumar had invested Rs 3 crore in a green energy company. We are probing if DK Shivakumar used his daughter as a benami account holder to launder money.”
The ED added that Aisshwarya had acknowledged that all the transactions were done with her knowledge. “She was cooperative and answered all the questions. For the questions she did not know she had diligently consulted her CA and answered.”
However, she maintained that her father was supportive of her business goals and that he had not evaded any taxes told ED.
Aisshwarya Shivakumar was called again for questioning on Friday at 11 am.