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CBI to send teams to Mauritius, Cyprus on 2G scam money trail

Last Updated: Wednesday, April 6, 2011 - 22:03

New Delhi: The CBI probing the 2G spectrum
scam has now shifted its focus to tax haven countries as it
tries to connect the dots in the alleged Rs 202-crore payment
made by Cineyug to Kalignar TV in which family members of
Tamil Nadu Chief Minister K Karunanidhi have a majority stake.

The CBI is planning to send its teams to Mauritius
and Cyprus to follow the money trail in the payments made to
Kalaignar TV as the agency runs against time to put together
the supplementary charge sheet which is to be filed by April
25, a top CBI official said.
The supplementary charge sheet is likely to name
Kalaignar TV Managing Director Sharad Kumar and may describe
the role of DMK MP and Karunanidhi`s daughter Kanimozhi in the
scam, the official said.

The CBI officials are also focusing on two major
telecom firms -- Loop, which may figure in the next charge
sheet to be filed by the agency, and Reliance Telecom, which
has already been named as an accused in the first charge sheet
filed by it on April 2-- in the broader conspiracy in the

The agency is hoping that it will get a detailed
picture of transactions routed through these two countries,
they said.
In its charge sheet, the CBI has named one of the
executives of Reliance Telecom, Gautam Doshi, as an accused
and alleged that he was involved in "structuring and funding"
Swan Telecom and Tiger Traders (the associate company of
Reliance ADAG, which has equity in Swan) and other companies.

The agency has alleged that decisions regarding
transfer of funds to Tiger Traders/ Swan Telecom were taken by

It is also alleged that Swan was being controlled by
another group through a company Delphi Investments in

The agency has also, through Letters Rogatory to
Mauritius, sought details of stakeholders and beneficiaries in
Delphi Investments.

The CBI is probing whether Delphi Investments to which
Reliance Telecommunication had sold its 9.9 per cent stake in
Swan Telecom was a front for the conglomerate, official
sources said.

On corporate lobbyist Niira Radia, a top CBI official
said she was made a witness in the case because in her
statement she said that she was introduced to Raja when she
wanted reinstatement of two sacked employees of Telecom


First Published: Wednesday, April 6, 2011 - 22:03
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