Bail for Raja, Kanimozhi in money laundering case


A special court here exclusively hearing the 2G spectrum allocation scam case granted bail on Wednesday to the former Telecom Minister A. Raja and DMK Rajya Sabha MP Kanimozhi in a money laundering case.

This case against the two leaders and eight other accused is an offshoot of the spectrum allocation scam case.

Additional Sessions Judge O.P. Saini granted them bail subject to their furnishing a bail bond of Rs. 5 lakh each, with one surety of a like amount.

Earlier in the day, the court granted bail to DMK leader Karunanidhi’s wife Dayalu Ammal on the condition that she furnishes a bail bond of Rs. 5 lakh with two sureties of a like amount. However, the court refused to discharge her in the case. She had made the plea citing her illness.

Mr. Saini also granted bail to the eight other accused in the case.

The Enforcement Directorate had filed a complaint against 19 accused — 10 individuals and nine companies. It said the Rs. 200 crore paid to DMK-run Kalaignar TV was not a genuine transaction but a bribe for grant of a telecom licence to Swan Telecom, a company of the DB Realty Group.

According to the complaint, Ms. Ammal held a 60 per cent stake in Kalaignar TV, while Kanimozhi and Sharad Kumar, managing director of the television channel, each held 20 per cent stake.

It alleged that the accused persons committed offences under various provision of the Prevention of the Money Laundering Act.

Ms. Ammal, Ms. Kanimozhi, Mr. Raja, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, directors of Kusegaon Fruits and Vegetables Pvt. Ltd. Asif Balwa and Rajiv Agarwal, Sharad Kumar, film producer Karim Morani and P. Amirtham, director of the Kalaignar TV, are accused in the case.

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Printable version | Jan 19, 2020 1:21:51 PM |

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