CBI says cash transaction might have link to Batcha`s death

The CBI on Friday told a Delhi court that the alleged cash transaction between DB Realty and Chennai-based Green House Promoters Pvt Ltd which is under probe in the 2G scam `might have link` to the death of Sadiq Batcha.

Last Updated: Apr 01, 2011, 20:03 PM IST

New Delhi: The CBI on Friday told a Delhi
court that the alleged cash transaction between DB Realty and
Chennai-based Green House Promoters Pvt Ltd which is under
probe in the 2G scam "might have link" to the death of Sadiq
Batcha, a close aide of arrested former Telecom Minister A

"The cash transaction (between DB Realty and
Greenhouse Promoters), instance of Batcha`s driver reportedly
going missing and his (Batcha) suicide, might have link," the
CBI said in the court of Special CBI Judge OP Saini while
seeking extension of custody of Kusegaon Fruits and Vegetables
Pvt Ltd Director Rajiv Agarwal by three days.

Batcha was Managing Director of Green House Promoters
which the CBI and the Enforcement Directorate suspected to be
a front for Raja.

Agarwal was arrested for his alleged role in 2G
spectrum allocation scam in transferring Rs 200 crores to
Kalaignar TV Pvt Ltd through the bank accounts of Cineyug
Films Pvt Ltd.

The CBI said that Agarwal is also linked with Green
House Promoters in which Raja`s wife is one of the directors
and he is required to be quizzed further regarding the cash
transaction between DB Realty and Green House Promoters.

The court extended Agarwal`s CBI custody till April 4
saying, "There is a statement on record that Green House
Promoters Pvt Ltd, Chennai, were having close relations with
DB Realty Pvt Ltd and the witness also mentions accused Rajiv

"The nature of the case is quite serious, the crime is
enormous and the investigation is complicated and tedious and
in such a situation, I find that the prayer for further
custodial interrogation of the accused Agarwal is justified,"
the judge said.

38-year-old Batcha was found dead in mysterious
circumstances at his home in South Chennai on March 16 and his
wife had claimed that he committed suicide as he was "unable
to cope with the pressure" of the probe.

The court also sent Swan Telecom promoter Shahid Usman
Balwa`s cousin Asif Balwa, who was arrested with Agarwal, to
Tihar Jail till April 15 under judicial custody after the CBI
said that he was no more required for interrogation.

The CBI submitted that they have collected material
showing huge cash transaction from D B Realty to Green House

Opposing CBI`s plea, Agarwal`s counsel Vijay Agarwal
argued that the agency only wanted to "extort a confession"
from his client.

"If the accused (Rajiv Agarwal) is remanded to police
custody, he may be tortured to confess the crime.... The CBI
wants the people to commit suicide like Sadiq Batcha," the
lawyer alleged.

He added that the name of Green House Promoters
Private Limited is not new and he had already disclosed
details about it.

Regarding Rajiv Agarwal`s link with Green House
Promoters Pvt Ltd, his counsel said that it was only a
business association. He said that his client had already been
quizzed at length by the agency before his arrest.

The CBI, however, said that Agarwal was giving
"evasive replies".

"Agarwal has not made a clean breast of it and has
given evasive replies. He has also not disclosed the true
facts with regard to his association with Green House
Promoters Pvt Ltd, Chennai. His custody is further required
for sustained custodial interrogation," the CBI said.

Regarding Asif Balwa, the probe agency said that his
further interrogation is no more required and he should be
sent to judicial custody as he is highly influential and there
is likelihood that he may tamper with evidence and records, if
released at this stage of the investigation.

Agarwal and Balwa were directors of Kusegaon Fruits
and Vegetables Pvt Ltd. Balwa was also Director of DB Realty
Pvt Ltd (a partner of Dynamic Realty).

Agarwal and Asif were arrested on March 29 in the 2G
spectrum case after CBI had conducted searches at the premises
of Dynamic Realty, Kusegaon Fruits and Vegetables Pvt Ltd and
Cineyug films Pvt Ltd in Mumbai and claimed to have seized
some documents.

Those arrested in the case include former Telecom
Minister Raja, his personal aide RK Chandolia, former Telecom
Secretary Siddartha Behura, besides Shahid Usman Balwa.

Raja along with Behura and Chandolia were arrested by
the CBI on February 2 and Shahid Balwa was arrested from
Mumbai on February 8. They are presently in judicial custody.