Indian Express reports the ED will grill the president of the Karnataka State Apex Cooperative Bank K.N.Rajanna in connection with financial transactions of Karnataka Congress leader and former minister D K Shivakumar, who has been taken into custody for his involvement in money laundering.
Rajanna is supposed to have given a huge amount of loan to a sugar firm managed by a close associate of Shivakumar.
In 2017, following demonetization, the IT Department had detected over Rs 500 crore given from co-operative banks to sugar firms run by Congress leaders.
The ED summons to Rajanna and various Congress leaders are being seen as a follow in the investigation of Shivakumar and his acolytes.
