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Friday, October 31, 2014

Enforcement Directorate(ED) chargesheet former Telecom Minister A Raja, DMK leader Kanimozhi along with 17 others in connection with the 2G scam-related money laundering case Friday Oct 31,2014

Former Telecom Minister A Raja, DMK leader Kanimozhi as a special court on Friday framed charges against them along with 17 others in connection with the 2G scam-related money laundering case.

DMK chief M Karunanidhi's wife Dayalu Ammal is also amongst the accused against whom charges have been framed under section 120-B (criminal conspiracy) of IPC and under provisions of Prevention of Money Laundering Act.

All the 19 accused have plead not guilty and have sought trial in the case

Besides Raja, Kanimozhi and Dayalu Ammal, the other accused in the case are Shahid Usman Balwa, Vinod Goenka, Directors of Kusegaon Fruits and Vegetables Pvt Ltd Asif Balwa and Rajiv Agarwal, Sharad Kumar, Bollywood producer Karim Morani and P Amirtham.

Special CBI Judge O.P. Saini framed charges under Section 120B (criminal conspiracy) of the IPC and under the provision of the Money Laundering Act against 19 accused, including 10 individuals and nine companies, who were charge sheeted by the Enforcement Directorate (ED) in connection with the case.
“All charges are prima facie made out against each accused for laundering of money of Rs 200 crore from DB Group company to Kalaignar TV Pvt Ltd,” the judge said.
As soon as the court pronounced its order, the judge asked all the accused that whether they were pleading guilty to the offence or were claiming trial.
To this, all the accused said that they claim trial for the charges framed against them

ED has also named Swan Telecom Pvt Ltd, Kusegaon Realty Pvt Ltd (formerly known as Kusegaon Fruits and Vegetables Pvt Ltd), Cineyug Media and Entertainment Pvt Ltd (formerly known as Cineyug Films Pvt Ltd), Kalaignar TV Pvt Ltd, Dynamix Realty, Eversmile Construction Company Pvt Ltd, Conwood Constructions and Developers (P) Ltd, DB Realty Ltd and Nihar Constructions Pvt Ltd as accused in the case.

ED, in its charge sheet, had alleged that the accused were involved in the Rs 200-crore money transaction which was not "bonafide" and "genuine" and it was a "bribe for grant of telecom licences to DB Group companies" by Raja.

ED had alleged that its investigation has revealed that Rs 200 crore was paid to Kalaignar TV by Shahid Usman Balwa and Vinod Goenka through Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd in the "garb of legitimate financial transactions i.e. as loan/share application money".

The charge sheet claimed that Rs 200 crore, which was paid in return for illegal favours given to Swan Telecom for grant of UAS licence, was repaid with additional money to show that it was a legal transaction.

The agency had claimed that the series of transactions relating to transfer of Rs 200 crore from DB group company to DMK-run Kalaignar TV through Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd were not "genuine business transaction"

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