Daijiworld Media Network - New Delhi (SP)

New Delhi, Oct 10: Chairman of Karnataka State Apex Cooperative Bank and former Congress MLA K N Rajanna, appeared before the enforcement directorate (ED) officials here on Wednesday, October 9. He had been served with a notice by the ED in connection with the money laundering case faced by former Karnataka minister, D K Shivakumar, who is currently lodged in jail.

The enforcement directorate officials had said that they want to question Rajanna relating to loan facility running into several crores of rupees extended to a sugar factory reportedly connected with Shivakumar.

In addition to recording the statement of Rajanna under the Prevention of Money Laundering Act, the officials also plan to put him discreet questions over the other links he has with Shivakumar.

Before leaving for New Delhi on Wednesday, October 9, Rajanna told the reporters that he has no qualms about facing the ED interrogation. He said he expects to be questioned about loans granted to Harsha sugar factory of Laxmi Hebbalkar. The case pertains to irregularities concerning Shivakumar. There is nothing wrong in granting loans but the promoters have to invest equity in starting a factory. He believes they might question about the sources from which the equity was invested.

Rajanna said all his transactions are transparent and only those who have committed wrongs have to be fearful. Rajanna, Sunil Kumar Sharma and MP, D K Suresh, are being questioned by the ED officials now relating to the case faced by Shivakumar.