CBI raids offices of DMK-run Kalaignar TV

Raids come days after channel denied involvement in 2G scam


Sweta Ranjan | February 18, 2011

The CBI on Friday carried out searches in the offices and residences of top management of DMK first family run Kalaignar TV in connection with the 2G spectrum scam.

The raids came days after the channel claimed it had no links with the case.

Official sources said searches began in the wee hours to probe certain financial transactions that could be connected to the spectrum scam, that has already seen the arrest of former telecom minister A Raja.

The raids came in the wake of allegations that that there was a connection between accused Shahid Usman Balwa-promoted Swan Telecom and the channel.

Balwa was allegedly favoured by Raja in grant of UAS licence and scarce radio waves.

Officials said the crux of the probe relates to the over Rs 200 crore loan arranged by Balwa's DB Realty group for Kalaignar TV.

DMK chief M Karunanidhi's wife MK Dayalu owns 60 per cent stake in Kalaignar while party MP Kanimozhi has 20 per cent.

The CBI had told a court recently, "It has also come to light that there was a transaction of Rs 214 crore from M/s Cineyug Films private limited to Kalaignar TV in 2009.

"The funds were arranged by M/s Cineyug Films from DB Group companies wherein the family members of Balwa are the directors or shareholders", CBI had said in its application filed before the court.

Kalaignar TV's denial earlier had followed CBI's allegations that there was a connection between scam accused Balwa-promoted Swan Telecom and the channel.

Managing director of Kalaignar TV, Sharad Kumar had denied receiving pay-offs from DB realty, whose chief Balwa is in CBI net along with Raja.

Kumar had also said the sum received from Cineyug Films was an "advance for transaction of shares", and was returned with interest when the two parties differed over the price evaluation of shares.

He had said that the money from Cineyug was received as loan which had been repaid with interest and the Income Tax department was aware of the transaction.


Related story:

No role in Kalaingnar TV raids: Cong

Says onus on CBI to explain probe procedure

Congress on Friday sought to dispel any notions of a rift in the UPA over the CBI raids on the offices of DMK- run Kalaignar TV.

The raids that came early this morning were in connection with the 2G scam, which has already claimed one of DMK's cabinet berths at the centre.

Congress spokesperson Shakeel Ahmed told the media that the raids will not affect its ties with DMK and they remain strong as ever.

"These are two different issues - alliances and raids. The Congress has no role in them," Ahmed said at a press conference here.

With the CBI having interrogated DMK MP and party supremo's daughter K Kanimmozhi, the heat has been turned on the Tamil Nadu-based party. DMK MP A Raja was forced to give up his cabinet post as the telecom minister due to his suspected involvement in the 2G scam.

On Kanimozhi's recent interrogation Shakeel said that it was upto the investigating agency to explain its probe procedures. "The probe is being monitored by the supreme court. We have no say over it," he further clarified.

On BJP leader L K Advani's apology to Sonia Gandhi over the Swiss bank account issue, the Congress spokesperson said, " If he (Advani) has expressed regret through the letter, we welcome the gesture. It looks genuine, but we can't be trusting easily."



Other News

What exactly is the true purpose of business?

Invaluable By Somik Raha IndiePress, 316 pages, Rs 701 From coding at age 12 to a deep dive into philoso

Yoga Day has changed perceptions about it in ten years: PM

The expanding awareness of Yoga over the past ten years has changed perceptions associated with it, prime minister Narendra Modi said in Srinagar on Friday on the occasion of the International Day of Yoga.   “Yoga is now emerging beyond limited boundaries. The world is witnessing t

Listening to tomorrow: The imperative for youth-driven data in India

Over a decade and a half ago when I was still a student, millennials felt the burning need to break down the barriers of gatekeeping in traditional media. Young voices, brimming with ideas and opinions, were often sidelined, their perspectives deemed too marginal or unrefined for mainstream discourse. This

Israel-Palestine War: Lessons from Past Peace Efforts

Israel-Palestine War: Give Peace a Chance By Dr. Joseph K. Thomas IndiePress, 243 pages, Rs 399 T

How inner work helps subvert painful narratives

Unashamed By Neha Bhat HarperCollins, 240 pages, Rs 499   * How do I connect better with my partner? *&nbs

Heatwave spikes power demand: measures taken to ensure supply

The Northern Region has been experiencing high power demand conditions due to a prevailing heat wave since May 17. Despite these challenging conditions, the highest ever peak demand of 89 GW in the Northern Region was successfully met on June 17. This achievement was made possible by import

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook Twitter Google Plus Linkedin Subscribe Newsletter