New Delhi: A Delhi court on Wednesday allowed CBI to interrogate Asif Balwa and Rajeev Agarwal, arrested for their alleged role in the 2G spectrum allocation scam for transferring Rs 200 crore to Kalaignar TV Pvt Ltd, in its custody for two days. (Agencies)
Hearing the CBI's plea, Special CBI Judge O P Saini said that as per the allegations against both the accused, they were "instrumental in transferring Rs 200 crores in accounts of Kalaignar TV Pvt Ltd".
"Considering the nature of the case, the allegations against the accused persons that they were instrumental in transferring a sum of Rs 200 crore in the accounts of M/s Kalaignar TV Pvt Ltd, through the accounts of Cineyug Films Pvt Ltd, non-production of agreement dated December 19, 2008....I find that prayer for police custody remand is fully justified,” the court said.
It further said, "Accordingly, both the accused are remanded to police custody remanded to police custody remand April 1."
The CBI, while seeking two days custody of the duo, said they were not revealing "the true facts and circumstances of the criminal conspiracy which led to the transfer of Rs 200 crore to the bank accounts of Kalaignar TV Pvt Ltd".
It added that Dynamix Realty Pvt Ltd had transferred Rs 200 crore in accounts of Kalaignar TV Pvt Ltd, through the accounts of Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd from December 2008 to August 2009.
CBI's prosecutor Akhilesh said that both the accused are not producing the original documents related to the first agreement dated December 19, 2008 between Cineyug Films Pvt Ltd and Kalaignar TV Pvt Ltd.
"An agreement dated December 19, 2008 was purportedly executed between Cineyug films Pvt Ltd and Kalaignar TV Pvt Ltd which has not yet been made available by the two accused," he said.
The CBI said that both the accused were "evasive in their reply regarding transfer of Rs 200 crore to Kalaignar TV Pvt Ltd."
CBI submitted that it is a case of criminal conspiracy and during the probe, names of people are coming out one by one.
Appearing for both Asif and Agarwal, advocate Vijay Agarwal contended that the CBI is only targeting his clients and they have not arrested other accused and the one who had received money in the case.
He also questioned the CBI's probe, saying the agency is only arresting those persons who have allegedly given the money and no action has been taken against those who have received the money.
Tamil Nadu Chief Minister M Karunanidhi's daughter and DMK MP Kanimozhi, her mother Dayaluammal and Sharad Kumar, Managing Director of Kalaignar TV Pvt Ltd, have 20, 60 and 20 per cent equity in the company.
It is alleged that Rs 206 crore investment was made by subsidiary of Shahid Usman Balwa's company DB Realty in Kalaignar TV during 2008-10. He has already been arrested by the CBI in connection with the case.
Others arrested in the case also include former telecom minister A Raja, his private secretary R K Chandolia and former telecom secretary Siddharth Behura.
Agarwal has 50 per cent equity along with Balwa's cousin Asif Balwa in company's subsidiary -- Kusegaon Fruits & Vegetables Pvt Ltd -- from where the money had moved to
Cineyug Films Pvt Ltd and subsequently to Kalignar TV.
Rajeev Agarwal and Asif Balwa, arrested by the CBI yesterday, were directors of Kusegaon Fruits and Vegetables Pvt Ltd. Agarwal is also Director of Conwood Constructions and Developers Pvt Ltd (a partner of Dynamix Realty).
Asif, cousin of Swan Telecom Promoter Shahid Usman Balwa, who is presently in judicial custody in the 2G scam, is also the Director of DB Realty Pvt Ltd, a partner of Dynamix Realty.
New Delhi: A Delhi court on Wednesday allowed CBI to interrogate Asif Balwa and Rajeev Agarwal, arrested for their alleged role in the 2G spectrum allocation scam for transferring Rs 200 crore to Kalaignar TV Pvt Ltd, in its custody for two days.