Karnataka

ED issues summons to K.N. Rajanna

The Enforcement Directorate has issued summons to senior Congress leader K.N. Rajanna, who is also president of the Karnataka State Cooperative Apex Bank Ltd., to appear before it for an enquiry.

Speaking to reporters in Tumakuru on Tuesday, Mr. Rajanna said: “I do not have any information on why they have summoned me in the money laundering case”. He said that under the leadership of Apex Bank, consortium bankers, Vijayapura DCC bank, Bagalkot DCC bank, South Canara DCC bank, North Canara DCC bank, and Tumakuru DCC bank had given a loan of ₹300 crore to Harsha Sugars, owned by MLA Laxmi Hebbalkar and others. “The ED may want to know about the documents mortgaged to avail the loan,” he said.

“The ED sent the notice through courier on September 24 asking me to appear before it on October 8 at 11 a.m. Since, it’s a holiday on October 8, an official asked me to appear on October 9 instead,” Mr. Rajanna said.

He said the loan had been given on personal guarantee and on documents after assessing the repayment capacity. Apex Bank had given ₹100 crore, South Canara DCC bank ₹100 crore, Tumakuru DCC bank ₹25 crore, Vijayapura DCC Bank ₹10 crore, and Bagalkot DCC Bank ₹60 crore.

He said he would will hand over all the documents to the ED and that there was nothing to hide.

Bifurcation of Tumakuru district

Mr. Rajanna took pot shots at former Deputy Chief Minister G. Parameshwara for demanding district status for Madhugiri. “Dr. Parameshwara does not have the moral right to make the demand as he did not take the initiative of carving out a separate district status when he was the Deputy Chief Minister and district in charge,” he said.

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Printable version | Mar 25, 2020 11:54:52 PM | https://www.thehindu.com/news/national/karnataka/ed-issues-summons-to-kn-rajanna/article29569222.ece

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