The CBI has now started probing the authenticity of the agreement document (related to the transfer of `200 crores to the Chennai-based Kalaignar TV) provided by a company linked to telecom promoter Shahid Balwa and Cineyug Films Pvt. Limited to the agency.
The CBI probe into the 2G spectrum scam has revealed that “shares subscription” agreement worth `200 crores was allegedly executed between Cineyug Films Pvt Limited and three promoters of Kalaignar TV, including DMK supremo M. Karunanidhi’s daughter Kanimozhi, on December 19, 2008. Probe by the CBI has established that Dynamix Realty Limited of Shahid Balwa transferred a sum of `200 crores in the accounts of Kalaignar TV, through the accounts of Kusegaon Fruits and Vegetables Limited and Cineyug Films from December 2008 to August 2009. The agency officials, however, could not trace the original papers of the agreement signed between Cineyug Films Pvt Limited and three promoters of Kalaignar TV.
Earlier, the TV channel had maintained that the payment of `200 crore was meant to be an investment that was returned following differences in evaluation over equity. “Recently, representatives of Kusegaon Fruits and Vegetables Limited and Cineyug Films provided photocopies of the agreement document. The agency officials are examining the authenticity of the photocopies of the agreement document as there is no images of stamp papers. A valid agreement needs to be executed on stamp papers,” sources said.
The CBI officials during probe found that Cineyug Films Ltd transferred a total sum of `200 crore in the current account (no. 733560561) of Kalaignar TV. The current account stands in the name of Kalaignar TV and the signatures of Mrs. M K Dayalu, Kanimozhi and Sharad Kumar are appearing on the account’s opening form, sources said.
The probe has already revealed that `200 crores paid by Dynamix Realty to Kalaignar TV was not a “genuine business transaction” but “it was in the nature of illegal gratification” paid in lieu of the spectrum licences given by former telecom minister A. Raja to Shahid Balwa’s Swan Telecom, sources said. Earlier, the TV channel had maintained that the payment of Rs. 200 crore was meant to be an investment that was returned following differences in evaluation over equity.
The CBI, however, in its supplementary charge-sheet said, “The transfer of `200 crore to Kalaignar TV allegedly by a company linked to Balwa was a ‘quid pro quo’ for Swan Telecom getting Unified Access Services licence at a nominal price”.