India

2G Scam: Delhi High Court Reserves Order on Kanimozhi Bail Plea

BeyondHeadlines News Desk

New Delhi: The Delhi High Court today reserved order on the bail plea of DMK lawmaker Kanimozhi and Kalaignar TV MD Sharad Kumar in the 2G scam. Kanimozhi along with Kumar had moved the Delhi High Court challenging a trial court’s order against the dismissal of their bail pleas on May 20. Kanimozhi has sought relief on the grounds of having to look after her school going child in the bail application in the court.
Kanimozhi has been charged as a co-conspirator of former Telecom Minister A Raja in 2G scam.
The Central Bureau of Investigation (CBI) in its chargesheet has alleged that Kanimozhi has made Rs 200 crore from Swan to Kalaignar TV as bribe money.
Earlier this day, Cineyug Films Director Karim Morani’s bail petition was also rejected by the Patiala House Court in the 2G spectrum scam case. While rejecting his bail application Special Judge OP Saini ordered that Morani be sent to judicial custody. He was arrested soon after his bail petition was rejected.
Kalaignar TV’s balance sheet has reflected Rs 214.84 crore as an unsecured loan and it came from Cineyug Media and Entertainment Pvt Ltd. The exact amount Rs 214.8654 crore was given to Kalaignar TV as an unsecured loan in the company’s balance sheet for the year 2009-2010.
Cineyug is owned by the Balwas and the Morani Brothers. So the question that arises is as to where does Cineyug got this loan from?
As per the Cineyug balance sheet, Rs 212 crore has been loaned by Kusegaon Fruit and Vegetables Pvt Ltd that is owned by Asif Balwa and Rajiv Agarwal. Kusegaon shows an unsecured loan of Rs 209 crore in its balance sheet. Asif Balwa is a director with DB Realty which has a stake in Swan Telecom.
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