2G: HC seeks Kalaignar TV `bribe` transfer docs
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Last Updated: Friday, June 10, 2011, 22:32
New Delhi: The Delhi High Court on Friday asked the special CBI court to furnish original documents to ascertain claims of two corporate honchos, accused of facilitating transfer of Rs 200 crore from DB Group firms to DMK-run Kalaignar TV in 2G scam, that they were "valid" loan transactions and not bribe.

"The trial court is directed to hand over these documents (pertaining to purported loan transactions) to the investigating officer who shall bring them here on the next date of hearing on June 20," Justice Ajit Bharihoke said.

Justice Bharihoke had recently dismissed bail pleas of alleged beneficiaries of Rs 200 crore bribe trail -- DMK MP Kanimozhi and Kaliagnar TV MD Sharad Kumar.

Seeking bail for Rajeev Agarwal and Asif Balwa, the directors of Kusegaon Fruits and Vegetable Private Ltd, their counsel said that a loan was advanced to Cineyug Films which, in turn, paid the money to Kalaignar TV and the CBI has wrongly termed the money transfers as bribe transactions.

Justice Bharihoke sought originals of the alleged agreements executed between Kalaignar TV, Cineyug Films Pvt Ltd and Kusegaon Fruits and Vegetable Pvt Ltd.

It has been alleged that D B Group, promoted by Shahid Balwa, after "unauthorisedly" getting the UAS licenses with active connivance of former Telecom Minister A Raja routed Rs 200 crore bribe through its group firms, Kusegaon Fruits and Cineyug Films, to Kalaignar TV.

The alleged bribe money came back through the same route after Raja was summoned for the first time for investigation on December 24, 2010.

The accused, however, claimed that the alleged bribe routing was inter-corporate loan transactions.


First Published: Friday, June 10, 2011, 22:32

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