Further deposing in the 2G-related money laundering case, a senior Enforcement Directorate (ED) officer on Friday informed a Special court here that a DB Reality Group company was involved in arranging the proceeds of crime on behalf of Shahid Balwa-owned Swan Telecom Private Limited (STPL).
Former Telecom Minister A. Raja, DMK MP Kanimozhi, Shahid Balwa and others are facing trial in the case.
The STPL had been allocated Unified Access Services licences in an alleged illegal manner in 13 service areas with the alleged connivance of Mr. Raja and some officers of the Ministry for Telecom.
According to the complaint filed by the ED, the Kalaignar TV (KTV) – in which DMK president M. Karunanidhi’s wife Dayalu Ammal and Ms. Kanimozhi had 60 and 20 per cent stake respectively – had received Rs.200 crore as illegal gratification on behalf of Mr. Raja from STPL connected companies.
Recording his evidence before Special Judge O.P. Saini, Joint Director Himanshu Kumar Lal further submitted that the DB Realty Group’s company, Dynamix Realty, was involved in transferring the proceeds of crime from Kusegaon Fruits and Vegetables (P) Limited and Cineyug Films (P) Limited to Kalaignar TV (P) Limited.
“It (Dynamix Realty) is also involved in the reverse flow of the proceeds of crime from Kalaignar TV (P) Limited through Cineyug Films (P) Limited and Kusegaon Fruits and Vegetables (P) Limited and projection of the tainted money as untainted through various purported documents,” Mr. Lal stated.
The Dynamix Realty had transferred Rs.209.25 crore to Kusegaon Fruits and Vegetables in the onward flow of the proceeds of crime. Dynamix Realty had acquired the proceeds of crime of Rs.223.55 crore from Kusegaon Fruits and Vegetables (P) Limited in the reverse flow of proceeds of crime.
Proceeds of crime to the tune of Rs.133.88 crore had been attached by the ED from Dynamix Realty, the officer further submitted.
The evidence recording proceedings will continue on November 24.
