A joint team of the Enforcement Directorate and the CBI will travel to the tax haven nation of British Virgin Islands in connection with its probe against various entities in the 2G spectrum allocation case.
The team will leave for the island nation on March 9 after the ED obtained certain leads in the investments made by real estate firm Unitech in the foreign country and also about certain firms allegedly related to corporate lobbyist Niira Radia.
The ED has already sent a Letters Rogatory (LR) to the country last year in these two instances and also detected five firms which were associated to Ms. Radiia, sources said.
“The ED-CBI team will meet their counterparts in the country and will also seek additional information on the LRs the agencies have sent earlier to them in connection with the 2G probe,” they said.
Details on holding patterns and investments made by various entities will be gathered during the visit, they said.
A money laundering case has been registered by the ED in this case and it has found that while Unitech allegedly had floated some subsidiaries in the country, few other investments in the 2G spectrum allocation case have been routed from here.
Unitech had earlier said that all its investments in countries outside India are “normal business transactions” and they have always been cooperating with the investigating agencies.
The joint team of investigators from both the agencies had earlier visited U.K., Isle of Man, Singapore and Cyprus last year with regard to their probe in the same case.
Keywords: 2G case
These politicians not only make wealth for themselves but also help Government officials to visit under deputation for investigation purpose to unknown or unheard destinations which they would have not dreamt in their lifetime. I had been seeing this news for last 2 years that CBI officials are visiting various countries to unearth the financial dealings of 2G and the investments made by the politicians abroad from the 2G money, but nothing is proved or informed to general public. I hope they do not get special allowances from so called accused during the visit to these countries to cover up their illegal financial dealings and investments.
It is utterly ridiculous that any investigating agency of massive economic fraud can afford to publish their travel plan including place, date etc. so publicly and openly!! In no country this kind of nonsense happens. Other countries get/arrest the culprit first and then publish the information whereas we publish the plan first and then allow the culprit to escape or transfer the money. One wonders whether they are doing this just to show to public that they are doing something than seriously interested in the very objective of catching them or finding out the huge money taken out of the country! I request the media to highlight this point repeatedly so that the investigating agencies in India stop giving their itinerary nor the media should publish such information.
If these fellows at Unitech can go to the Karnataka HIgh Court with forged land documents of deceased owners to grab property worth almost Rs.200 crores, imagine what kind of accounts these fellows are maintaing and what crookedness they are up to.
The ED & CBI will continue on these trips and get all info, however when CBI submits their findings before the courts, the obtained data is well edited and amended only to submit those who will be the scapegoats like A. Raja, Kani, Khan of Pune etc. The main beneficiaries are well protected and covered though an intricate network of proxies and a maze of offshore benami/front companies with their holding spread of 7 to 8 offshore locations, which will take CBI over 10 years to unearth due to the bureaucracy that is managed by the very same beneficiaries in the Govt. Entire Indian public now know who the principal beneficiaries are from Indian scams including the Mainos, Ahmad Patel, Sharad Pawar, Chidambaram, Praful Patel, Karunanidhi and his family, the Reddy's, Kalmadis & the Koda's. Shame on us Indians to take this year after year. It is OK to send them to jail eventually, but where is the looted money. Who will bring that back to India?
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