BS Shiju has been summoned by CBI on January 11th

Usha Shivakumar has also invested in JaiHind TV

CBI will scrutinise transaction details

The Central Bureau of Investigation (CBI) has issued a notice under Section 91 of the Code of Criminal Procedure (CrPC) to the Malayalam News Channel “JaiHind TV” in relation to their investigation of the Deputy Chief Minister of Karnataka DK Shivakumar with regard to a disproportionate assets case. DK Shivakumar’s investment on the JaiHind Channel is being looked into. 

BS Shiju, the Managing Director of Jaihind Communications Private Limited has been summoned by CBI on January 11th. He would be required to produce relevant documents pertaining to the case. DK Shivakumar’s wife, Usha Shivakumar, his sons and other members of the family have also invested in JaiHind TV. The contract notes, ledger accounts, statement of holdings, transaction details and dividends they have received by virtue of being stakeholders will be examined by the CBI. 

Shiju is himself an Indian National Congress (INC) member. Shiju’s public statements on the issue reiterate that all the transactions of JaiHind Communications Private Limited are transparent. The statements allege that there is an angle of political vendetta behind the investigation in light of the upcoming Lok Sabha elections. 

DK Shivakumar amassed Rs 74 crore between 2013 and 2018 wherein Congress was the ruling party in Karnataka. An investigation into this amount was launched in 2020.