Home / News / 2G scam: CBI raids DMK’s Kalaignar TV office

2G scam: CBI raids DMK’s Kalaignar TV office

New Delhi: The CBI on Friday raided the in the offices and residences of top management of DMK-run Kalaignar TV in connection with the 2G spectrum scam.

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.

The agency carried out searches at Kalaignar TV Managing director Sharad Kumar’s residence.

The searches began in the wee hours to probe certain financial transactions that could be connected to the spectrum scam.

CBI may quiz Kanimozhi in 2G scam case

Tamil Nadu Chief Minister and DMK chief M Karunanidhi’s daughter Kanimozhi is likely to be called in for questioning by the Central Bureau of Investigation (CBI) in connection with the 2G spectrum scam, sources have told CNN-IBN.

Kalaignar TV’s Sharad Kumar is also likely to be called in by the CBI.

DMK under 2G scanner

Documents with CNN-IBN show that money was loaned to DMK’s Kalaignar TV by DB Realty group through a maze of transactions.

DB Realty is owned by Shahid Balwa who has a stake in Swan Telecom which is one of the companies named in the 2G scam.

CNN-IBN has accessed the balance sheets of three companies to establish that loans were made to Kalaignar TV. Karunanidhi’s wife MK Dayalu owns 60 percent and daughter Kanimozhi owns another 20 percent in the DMK TV channel.

Rs 214.84 crore is reflected in Kalaignar TV’s balance sheet as an unsecured loan. It comes from Cineyug Media and Entertainment Pvt Ltd and the exact amount is Rs 214.8654 crore. It is given to Kalaignar TV as an unsecured loan in the company’s balance sheet for the year 2009-2010.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>