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Balwa paid kickbacks to Karunanidhi: Jaya

Chennai: All India Anna Dravida Munnetra Kazhagam (AIADMK) chief J Jayalalithaa has launched a vitriolic attack on her rival and Tamil Nadu Chief Minister M Karunanidhi on Friday calling him the “Master of Scientific” corruption. Jayalaithaa said that the entire Karunanidhi family should be named in the 2G spectrum scam.

With Tamil Nadu going to elections in a few months, Jayalaithaa is taking the moral high ground on corruption by targeting Karunanidhi and his party, the Dravida Munnetra Kazhagam (DMK), over the 2G spectrum scam after former telecom minister A Raja was forced to quit the Union Cabinet following allegations of his involvement in the multi-crore scam.
Quoting from the Sarkaria report and comparing that to the 2G scam and the Kalaignar TV transactions, Jayalalithaa issued a statement on Friday targeting Karunanidhi and the DMK.

“It is a similar exhibition of Scientific Corruption that one sees as the 2G spectrum scam investigation unfolds. The then Union telecom minister Raja sells valuable 2G spectrum to Swan Telecom, a new company launched by Dynamix Balwa, a Mumbai-based real estate company, at a throwaway price of Rs. 1,537 crore. Immediately after, Dynamix Balwa sells 45 per cent of its holdings to the UAE-based Etisalat for Rs 4,200 Crores. For facilitating this highly profitable sale, Dynamix Balwa pays a kickback to Raja’s Lord and Master, Karunanidhi. Karunanidhi and his family members all deserve to be included in the 2G spectrum scam case as co-accused,” she said in the statement.

But the DMK is in no mood to dump Raja, who’s now in Central Bureau of Investigation custody.

As CBI probes the money trail from Shahid Usman Balwa’s companies to Kaliangar TV, the channel has come out with a clarification.

“There is no connection between the 2G scam and the exchange that took place between Kalaignar TV and Cineyug. Cineyug had invested in shares in the inital period. But owing to valuation differences the amount was treated as loan and the Rs 200 crore received from Cineyug was returned with interest in 2009. There is nothing illegal in it. All rules have been followed and Income Tax department is aware of it. The whole exchange is like an open book,” said Kalaignar TV MD Sharad Kumar.

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