Swan Telecom promoter Shahid Usman Balwa on Wednesday told a Delhi court that the charge sheet filed by Enforcement Directorate in a 2G scam-related money laundering case was “contradictory” and the transfer of >Rs 200 crore to Kalaignar TV was a “prudent business transaction”.
Balwa, who has been chargesheeted in the case along with 18 others, including former telecom minister A Raja and DMK MP Kanimozhi, argued in the court that ED has made the case on the basis of “hearsay evidence” and its complaint was nothing but a “bundle or compilation of statements and documents.”
Advocate Vijay Aggarwal, who argued for Shahid Balwa and Directors of Kusegaon Fruits and Vegetables Pvt Ltd Asif Balwa and Rajiv Aggarwal, who are also accused in the case, claimed that facts stated in ED’s charge sheet do not have any legal standing.
“On one side, ED has said they have done separate probe and on the other they are relying on CBI’s FIR as well as the charge sheet filed earlier. ED’s complaint is contradictory,” he told Special CBI Judge O P Saini while arguing on framing of charges as well as bail pleas of the accused.
