2G scam: CBI grills Kanimozhi, Karunanidhi's wife
Widening its probe into the 2G scam, the CBI on Friday questioned DMK chief M Karunanidhi's daughter Kanimozhi and his wife Dayalu Ammal on alleged transfer of money from Mumbai-based Cineyug to Kalaignar TV, in which both jointly own 80 per cent stake.
The CBI team, which reached Chennai early Friday morning, also questioned Managing Director of the TV channel Sharad Kumar at the channel's office which is housed in the DMK Headquarters, official sources said.
The investigators questioned the trio regarding their stake in the TV channel which has allegedly received Rs 214 crore from Shahid Balwa promoted company which was a beneficiary of the spectrum allocation made by former Union Minister A Raja, official sources said.
Both Dayalu Ammal and Kanimozhi collectively have nearly 80 percent stake in the channel, they said.
A team of CBI officials reached, Anna Arivalayam, the DMK headquarters where both were questioned about their stake.
Kanimozhi was also questioned about her
telephonic conversation with corporate lobbyist Niira Radia which were tapped by Income Tax department, they said.
The CBI had told a court recently, "It has also come to light that there was a transaction of Rs 214 crore from M/s Cineyug Films private limited to Kalaignar TV in 2009.
"The funds were arranged by M/s Cineyug Films from DB Group companies wherein the family members of Balwa are the directors or shareholders," CBI had said in its application filed before the court.
Kalaignar TV's denial earlier had followed CBI's allegations that there was a connection between scam accused Balwa-promoted Swan Telecom and the channel.
Managing Director of Kalaignar TV, Sharad Kumar had denied receiving pay-offs from DB realty, whose former chief Balwa is in CBI net along with Raja.
Kumar, who was also questioned last month, had also said the sum received from Cineyug Films was an "advance for transaction of shares", and was returned with interest when the two parties differed over the price evaluation of shares.
He had said that the money from Cineyug was received as loan which had been repaid with interest and the Income Tax department was aware of the transaction.
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"
Views 1475 Report
There are missing links. Since it has become under public debate, it cannot be termed as a private affair. 1.Without knowing the share value, no one can advance money. what was the offered share value. 2.What was the revised share value? 3.Can the advance money can be converted into loan as per company law? 4.If it was returned with interest as alleged, what was the interest rate. 5.Was there not any collateral security? If so what was offered? 6.Did the company raise any IPO to pay back the wrongly termed loan? 7. it was also told that 60% share holder was a sleeping partner. How can it be? If the partner is a sleeping one, she must have had other resources/ businesses to manage, a huge empire of money spinning. Public will be interested to know. If no answer is coming, it means it is a dealing in corrupt/black money of the duo.