"The state cabinet has decided to suspend DCP Yogesh for lapse of security in the Lokayukta stabbing case," he told reporters in a WhatsApp message here.
Shetty was yesterday stabbed multiple times by a man who went to his office with a complaint only to be told that the case had been shut.
The lokayukta had collapsed after Tejaraj Sharma attacked him with a knife in an "attempt" to kill him in his chamber in a multi-storeyed building near the Vidhana Soudha.
Shetty, in his early 70s, took over as the state Lokayukta in January 2017 succeeding Y Bhaskar Rao, a former high court chief justice.