New Delhi: DB Realty owner and former Telecom Minister A Raja’s close aide Shahid Balwa’s loan to pay Rs 200 crore bribe to the Kalaignar TV has invited fresh troubles for him.

After primary investigations, a new case has been registered against Balwa who is languishing in jail for paying Rs 200-crore bribe to Kalaignar TV to get the 2G spectrum.

According to the CBI, Balwa had taken loan from LIC Housing Finance to pay the bribe. The company is also under scanner.
The CBI has registered a case of preliminarily investigation against Balwa, Vinod Goenka and senior officers of the LIC Housing Finance.

LIC Housing Finance had granted Rs 188 crore loan to DB Realty which reached Kalaignar TV through many companies. The CBI in its chargesheet has declared this amount as bribe money.

The senior officers of the LIC Housing Finance have been accused of transgressing rules and regulations while granting loan to DB Realty.

DB Realty did not use the sum for the purpose it was taken for and as per the rules, the loan granted by the LIC Housing Finance Company cannot be used for any other purpose.

The Banking and Securities department of the CBI has started its initial investigations into the matter.

FIR will be registered against the accused following any indications of criminal conspiracy.

JPN/Bureau