Kanimozhi, Raja, DMK TV chief got Rs 200 crore bribe from DB: CBI

NEW DELHI: Tamil Nadu's first family has been singed by the 2G scam. On Monday, the CBI charged Kanimozhi, DMK chief M Karunanidhi's daughter, of conspiring with former communications minister A Raja to receive a bribe of Rs 200 crore which was allegedly routed to DMK's Kalaignar TV.

Kanimozhi along with Kalaignar TV CEO Sharad Kumar, Cineyug Films' Karim Morani and Kusegaon Fruits and Vegetables' Asif Balwa and Rajiv B Agarwal have been named in CBI's second chargesheet for conspiracy and under the Prevention of Corruption Act.

While Asif Balwa and Agarwal were arrested on March 29, Kanimozhi, Kumar and Morani have been asked to appear in the special 2G scam court on May 6. The odds are that they will be arrested that day. Accepting the chargesheet, the court ominously pronounced: "There is enough incriminating material on record" to proceed against the accused.

On February 4, The Times of India (along with The Economic Times) had first reported the money trail from DB Group's Dynamix Realty and two other associated companies to Kalaignar TV which is owned 60% by Karunanidhi's wife Dayalu Ammal, and 20% each by Kanimozhi and Sharad Kumar. And on March 30, TOI was the first to report that Kanimozhi would be charged in the 2G case.

While Kanimozhi and Kumar have been charged by the CBI, Dayalu Ammal has been spared, ostensibly because she doesn't know English and has not been involved in the day-to-day running of the TV channel.

In its 48-page supplementary chargesheet, supported by about 8,000 documents, the CBI said: "Dynamix Realty, which is a partnership firm of Dynamix Balwa group companies paid Rs 200 crore as illegal gratification to Kalaignar TV, which is also controlled by affiliates of DMK to which accused A Raja belongs, and such fund transfer was facilitated by Asif Balwa, Rajeev Agarwal and Karim Morani through their companies Kusegaon Fruits and Vegetables and Cineyug Films."

While indicting Kanimozhi, the agency said that the Rajya Sabha member was the active brain behind Kalaignar TV and held a 20% stake. She actively pursued with the intermediaries and DMK headquarters the matter regarding reappointment of A Raja as communications minister in 2009, "which clearly establishes the strong association of Kanimozhi and A Raja in the official/ political matters," CBI said.

The first chargesheet filed on April 2 had charged nine individuals, led by Raja, and three companies of criminal conspiracy, forgery, cheating and bribery and causing a loss over Rs 30,000 crore in the award of telecom licences and spectrum. The supplementary for the first time draws a money trail in the scam, which the CAG had estimated to have caused a loss of up to Rs 1.76 lakh crore to the exchequer.

The agency told the court that its investigations have revealed that Dynamix Realty partnership firm of DB Realty, Eversmile Construction and Conwood Construction Developers paid Rs 200 crore to Kalaignar TV between December 2008 and August 2009. Dynamix Realty had routed the funds through Kusegaon, which is a DB Group company, and Cineyug Films, where DB later held a 49% stake.

Elaborating on the money trial, CBI has said that the fund flow started on December 23, 2008, six days after Swan Telecom received Rs 3,609 crore from Etisalat Mauritius and Genex Exim Ventures. Over the next eight months, DB Realty transferred Rs 209.25 crore to Kusegaon Fruits and Vegetables through 16 transactions.

In turn, Kusegoan transferred Rs 200 crore to Cineyug Films in seven transactions. Another Rs 6.25 crore were was transferred to Cineyug through five transactions between January and July 2009. This, CBI has said, was post facto shown as a transfer by Kusegaon for acquisition of 49% in Cineyug.

In the last leg, through six transactions between December 23, 2008 and August 7, 2009, Morani transferred Rs 200 crore Kalaignar TV account.

While the companies and those named by CBI claimed that the money transfer from DB Group to Kalaignar TV was a "loan", the investigating agency has rubbished the claim saying "no valid agreement was signed between any of the parties and no collaterals/ securities were ensured to secure the alleged loan amounts".

Investigation has also revealed that when accused A Raja was contacted by CBI for his examination scheduled on December 24, 2010, Kalaignar TV started refunding the amount of Rs 200 crore to Dynamix Realty, through Kusegaon Fruits & Vegetables. A substantial part of the amounts was refunded by it just before February 2, 2011, when A Raja was arrested, the charge sheet said.

The CBI has, however, given a clean chit to Green House Promoters, which was owned by Raja's aide Sadiq Batcha and his wife, in the conspiracy saying that the money transferred by DB Realty to the company was returned prior to the registration of FIR in the scam.

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Black money comes mainly from India: Assange

At a stage where governments around the world have tried to hide away from the embarrassment caused by WikiLeaks expose on black money, founder Julian Assange speaks exclusively to Times Now's editor-in-chief Arnab Goswami on the Swiss bank data and Indian names features in the same.

Julian Assange, made a stunning disclosure, that there could be Indian names in the data that WikiLeaks would publish. In the course of the interview, Assange appealed to Indians to absolutely not lose hope that the names of those with secret Swiss accounts will come out at one point in the future. Hinting that Wikileaks might work with specialized agencies before releasing the Swiss bank data he pulled up the Indian government for not being aggressive like Germany in going after the list of Indian account holders. In fact he said India should be more aggressive because India seems like it is losing per capita more tax money than Germany

This is the first time Assange has spoken about Indian accounts in these Swiss banks, and comes at a time when the national debate over Swiss Bank accounts has sharpened.

Arnab Goswami: You have strong views on it. And I completely appreciate that you can't talk about it in detail. But let me ask you more generically, that is your heart, you would like to reveal the details...in your heart. I am not asking you when and under what circumstances, but having known about it, you would like to reveal details of how the system operates, wouldn't you?
Julian Assange: Well, we have various types of information about different banking operations in the world. Over time, we have revealed those. In fact, most of the legal attacks on us have been from banks. Banks in Scotland...banks in Dubai...banks in Iceland. We all received legal attacks from these banks. And we will continue publishing data on these banks as soon as we are able to do so.

Arnab Goswami: Have you encountered any Indian names? I am not asking you to tell me where, which banks...
Julian Assange: Yes there are Indian names in the data we have already published or going to publish. I can't remember specifically whether there are Indian names in the upcoming publication. But I have read Indian names. Similarly, in these private Swiss banking concerns, where you need at least a million dollars...which is a significant amount of money...Not an average Indian.

Arnab Goswami: And it is difficult to identify those names. Anything else you can tell us?
Julian Assange: I can't tell you anything more at this stage. As we go through the process of releasing data, as always we have to do extra research. And once we understand which media organizations are best placed to help us with that research, then we operate with them. But we are not at that stage yet that I know all the research that is going on.

Arnab Goswami: To all our Indian viewers, just one point. Should they lose hope that the names will come out at one point.
Julian Assange: No

Arnab Goswami: What would you say to them?
Julian Assange: That you should absolutely not lose hope. It is quite interesting. There is a...There are different forces at play here. The German government in particular has been very strong. There needs to be transparency in banking operations. It has gone so far as to buy CDs off...in Liechtenstein and so on...To reveal this information. Very, very aggressive approach by the German government and the German government is the dominant power within Europe. So, those German attitudes are seeping into Europe as a whole. The US has also been applying pressure in relation to UBS and tax evaders. So the problem is, as Swiss bank accounts are opened up there are simply other ways to deal with the situation. So you go and register a trust, in say Charles and then the trust then goes and opens a Swiss account while you might (?) a Swiss bank account, but what is there is a trust in Charles..Then you have to break that trust in Charles. That is the problem throughout the offshore sector. That is quite hard to deal with. In case you get this through regulation, investigation...you kind of get this at a level that although people can hide their assets in this way, the amount of expense and effort and risk involved in the asset hiding doesn't make it worthwhile.

Arnab Goswami: Given the economic and political clout that India wields, any reason that India should not be as aggressive?
Julian Assange: No. There is no reason why India should not be aggressive. In fact maybe, it should be more aggressive because India seems like it is losing per capita much more tax money than Germany.

source:http://timesofindia.indiatimes.com

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BIGGEST SCAMS IN INDIA

1.Ramalinga Raju



The biggest corporate scam in India has come from one of the most respected businessmen. Satyam founder Byrraju Ramalinga Raju resigned as its chairman after admitting to cooking up the account books. His efforts to fill the "fictitious assets with real ones" through Maytas acquisition failed, after which he decided to confess the crime. With a fraud involving about Rs 8,000 crore (Rs 80 billion), Satyam is heading for more trouble in the days ahead. O n Wednesday, India's fourth largest IT company lost a staggering Rs 10,000 crore (Rs 100 billion) in market capitalisation as investors reacted sharply and dumped shares, pushing down the scrip by 78 per cent to Rs 39.95 on the Bombay Stock Exchange. The NYSE-listed firm could also face regulator action in the US.
"I am now prepared to subject myself to the laws of the land and face consequences thereof," Raju said in a letter to SEBI and the Board of Directors, while giving details of how the profits were inflated over the years and his failed attempts to "fill the fictitious assets with real ones." Raju said the company's balance sheet as of September 30 carries "inflated (non-existent) cash and bank balances of Rs 5,040 crore (Rs 50.40 billion) as against Rs 5,361 crore (Rs 53.61 billion) reflected in the books."


2.Harshad Mehta



He was known as the 'Big Bull'. However, his bull run did not last too long.
He triggered a rise in the Bombay Stock Exchange in the year 1992 by trading in shares at a premium across many segments.
Taking advantages of the loopholes in the banking system, Harshad and his associates triggered a securities scam diverting funds to the tune of Rs 4000 crore (Rs 40 billion) from the banks to stockbrokers between April 1991 to May 1992.

Harshad Mehta worked with the New India Assurance Company before he moved ahead to try his luck in the stock markets. Mehta soon mastered the tricks of the trade and set out on dangerous game plan. Mehta has siphoned off huge sums of money from several banks and millions of investors were conned in the process. His scam was exposed, the markets crashed and he was arrested and banned for life from trading in the stock markets.

He was later charged with 72 criminal offences. A Special Court also sentenced Sudhir Mehta, Harshad Mehta's brother, and six others, including four bank officials, to rigorous imprisonment (RI) ranging from 1 year to 10 years on the charge of duping State Bank of India to the tune of Rs 600 crore (Rs 6 billion) in connection with the securities scam that rocked the financial markets in 1992. He died in 2002 with many litigations still pending against him.


3.Ketan Parekh



Ketan Parekh followed Harshad Mehta's footsteps to swindle crores of rupees from banks. A chartered accountant he used to run a family business, NH Securities.

Ketan however had bigger plans in mind. He targetted smaller exchanges like the Allahabad Stock Exchange and the Calcutta Stock Exchange, and bought shares in fictitious names.

His dealings revolved around shares of ten companies like Himachal Futuristic, Global Tele-Systems, SSI Ltd, DSQ Software, Zee Telefilms, Silverline, Pentamedia Graphics and Satyam Computer (K-10 scrips).
Ketan borrowed Rs 250 crore from Global Trust Bank to fuel his ambitions. Ketan alongwith his associates also managed to get Rs 1,000 crore from the Madhavpura Mercantile Co-operative Bank.

According to RBI regulations, a broker is allowed a loan of only Rs 15 crore (Rs 150 million). There was evidence of price rigging in the scrips of Global Trust Bank, Zee Telefilms, HFCL, Lupin Laboratories, Aftek Infosys and Padmini Polymer.


4.C R Bhansali



The Bhansali scam resulted in a loss of over Rs 1,200 crore (Rs 12 billion).

He first launched the finance company CRB Capital Markets, followed by CRB Mutual Fund and CRB Share Custodial Services. He ruled like a financial wizard 1992 to 1996 collecting money from the public through fixed deposits, bonds and debentures. The money was transferred to companies that never existed.

CRB Capital Markets raised a whopping Rs 176 crore in three years. In 1994 CRB Mutual Funds raised Rs 230 crore and Rs 180 crore came via fixed deposits. Bhansali also succeeded to to raise about Rs 900 crore from the markets.

However, his good days did not last long, after 1995 he received several jolts. Bhansali tried borrowing more money from the market. This led to a financial crisis.

It became difficult for Bhansali to sustain himself. The Reserve Bank of India (RBI) refused banking status to CRB and he was in the dock. SBI was one of the banks to be hit by his huge defaults.

5.Cobbler scam



Sohin Daya, son of a former Sheriff of Mumbai, was the main accused in the multi-crore shoes scam. Daya of Dawood Shoes, Rafique Tejani of Metro Shoes, and Kishore Signapurkar of Milano Shoes were arrested for creating several leather co-operative societies which did not exist.

They availed loans of crores of rupees on behalf of these fictitious societies. The scam was exposed in 1995. The accused created a fictitious cooperative society of cobblers to take advantage of government loans through various schemes.

Officials of the Maharashtra State Finance Corporation, Citibank, Bank of Oman, Dena Bank, Development Credit Bank, Saraswat Co-operative Bank, and Bank of Bahrain and Kuwait were also charge sheeted.


6.Dinesh Dalmia



Dinesh Dalmia was the managing director of DSQ Software Limited when the Central Bureau of Investigation arrested him for his involvement in a stocks scam of Rs 595 crore (Rs 5.95 billion).

Dalmia's group included DSQ Holdings Ltd, Hulda Properties and Trades Ltd, and Powerflow Holding and Trading Pvt Ltd. Dalmia resorted to illegal ways to make money through the partly paid shares of DSQ Software Ltd, in the name of New Vision Investment Ltd, UK, and unallotted shares in the name of Dinesh Dalmia Technology Trust.

Investigation showed that 1.30 crore (13 million) shares of DSQ Software Ltd had not been listed on any stock exchange.

7.Abdul Karim Telgi



He paid for his own education at Sarvodaya Vidyalaya by selling fruits and vegetables on trains.
He is today famous (or infamous) for being he man behind one of
The Telgi case is another big scam that rocked India. The fake stamp racket involving Abdul Karim Telgi was exposed in 2000. The loss is estimated to be Rs 171.33 crore (Rs 1.71 billion), it was initially pegged to be Rs 30,000 crore (Rs 300 bilion), which was later clarified by the CBI as an exaggerated figure.

In 1994, Abdul Karim Telgi acquired a stamp paper license from the Indian government and began printing fake stamp papers. Telgi bribed to get into the government security press in Nashik and bought special machines to print fake stamp papers.

Telgi's networked spread across 13 states involving 176 offices, 1,000 employees and 123 bank accounts in 18 cities.

8.Virendra Rastogi



Virendra Rastogi chief executive of RBG Resources was charged with for deceiving banks worldwide of an estimated $1 billion.

He was also involved in the duty-drawback scam to the tune of Rs 43 crore (Rs 430 milion) in India.
The CBI said that five companies, whose directors were the four Rastogi brothers -- Subash, Virender, Ravinde and Narinder -- exported bicycle parts during 1995-96 to Russia and Hong Kong by heavily over invoicing the value of goods for claiming excess duty draw back from customs.

9.The UTI Scam



Former UTI chairman P S Subramanyam and two executive directors -- M M Kapur and S K Basu -- and a stockbroker Rakesh G Mehta, were arrested in connection with the 'UTI scam'.

UTI had purchased 40,000 shares of Cyberspace between September 25, 2000, and September 25, 2000 for about Rs 3.33 crore (Rs 33.3 million) from Rakesh Mehta when there were no buyers for the scrip. The market price was around Rs 830. The CBI said it was the conspiracy of these four people which resulted in the loss of Rs 32 crore (Rs 320 million).

Subramanyam, Kapur and Basu had changed their stance on an investment advice of the equities research cell of UTI. The promoter of Cyberspace Infosys, Arvind Johari was arrested in connection with the case. The officals were paid Rs 50 lakh (Rs 5 million) by Cyberspace to promote its shares.

He also received Rs 1.18 crore (Rs 11.8 million) from the company through a circuitous route for possible rigging the Cyberspace counter.


10.Uday Goyal



Uday Goyal, managing director of Arrow Global Agrotech Ltd, was yet another fraudster who cheated investors promising high returns through plantations.
Goyal conned investors to the tune of over Rs 210 crore (Rs 2.10 billion). He was finally arrested.

The plantation scam was exposed when two investors filed a complaint when they failed to get the promised returns.

Over 43,300 persons had fallen into Goyal's trap. Several criminal complaints were filed with the Economic Offences Wing. The company's directors and their relatives had misused the investors' money to buy properties. The High Court asked the company to sell its properties and repay its investors.


11.Sanjay Agarwal



Home Trade had created waves with celebrity endorsements.
But Sanjay Agarwal's finance portal was just a veil to cover up his shady deals. He swindled a whopping Rs 600 crore (Rs 6 billion) from more than 25 cooperative banks.

The government securities (gilt) scam of 2001 was exposed when the Reserve Bank of India checked the acounts of some cooperative banks following unusual activities in the gilt market.

Co-operative banks and brokers acted in collusion in abid to make easy money at the cost of the hard earned savings of millions of Indians. In this case, even the Public Provident Fund (PPF) was affected.




A sum of about Rs 92 crore (Rs 920 million) was missing from the Seamen's Provident Fund. Sanjay Agarwal, Ketan Sheth (a broker), Nandkishore Trivedi and Baluchan Rai (a Hong Kong-based Non-Resident Indian) were behind the Home Trade scam.


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A list of the scandals that hit UPA government

The cash-for-vote scam:

The opposition slammed the UPA government over WikiLeaks cables revelations Thursday that the UPA -I paid some MPs to vote in favour of the July 2008 trust vote on the Indo-US nuclear deal.

The 2G spectrum scam:

The 2G licenses were issued in 2008, but the scam came to public notice when the Income Tax department investigated political lobbyist Niira Radia and the Supreme Court took Janata Party president Subramaniam Swamy's complaints on record. The scam rocked the UPA government, leading to the ouster of A. Raja as communications minister and his subsequent jailing.

Black money:

Hasan Ali Khan, a businessman charged with money laundering, has reportedly USD 8 billion of unaccounted money stashed in foreign bank accounts. The opposition BJP has accused Prime Minister Manmohan Singh of being part of a "conspiracy of silence" in the matter.

Appointment of Chief Vigilance Commissioner P.J Thomas:

The appointment of P.J Thomas as the Chief Vigilance Commissioner was quashed by the Supreme Court over a Kerala corruption scandal in which his name figures.

Thomas was selected by a three-member committee of Prime Minister Manmohan Singh, Home Minister P. Chidambaram and opposition leader Sushma Swaraj in September last year. Sushma Swaraj had recorded a dissent note.

Adarsh society scam:

Adarsh Housing Society, a cooperative society in Mumbai, was reserved for the war widows and veterans of the Kargil War. However, the flats were allocated to bureaucrats, politicians and army personnel who had nothing to do with the Kargil War.

The 31-floor high-rise is also alleged to have been built in violation of environment rules. The scam led to the resignation of Ashok Chavan as Maharashtra chief minister.

Devas-Antrix deal:

The allocation of precious S-band spectrum without any bidding to Devas Multimedia, a private firm, in a deal between Antrix Corporation, the commercial wing of ISRO, led to a furore. The government scrapped the controversial deal to avoid the loss of Rs.2 lakh crore to the exchequer.

Commonwealth Games scam:

Allegations of wrongdoing and corruption in the holding of the Commonwealth Games last year rocked the government. The Games had a total budget of Rs.28,054 crore, according to the union urban development ministry.

The Central Bureau of Investigation (CBI) probe has detected irregularities in various areas like merchandising, catering, CWG Village and accreditation. The agency has arrested officials of the Games' Organising Committee on corruption and delays in the construction of main Games' venues.

--IANS  

                                  source:http://www.newkerala.com 

U CAN SEE MORE: http://www.indian-scams.com/

                                  http://en.wikipedia.org/wiki/Indian_political_scandals


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Politics

Have a look at this

Salary & Govt. Concessions for a Member of Parliament (MP)  

Monthly Salary : 12,000

Expense when the Parliament is in session (per month) :10,000

Office expenditure per month : 14,000

Traveling concession (Rs. 8 per km) :48,000 ( eg.For a visit from kerala to Delhi & return: 6000 km)

Daily DA TA during parliament meets : 500/day  


Charge for 1 class (A/C) in train:Free (For any number oftimes)
(All over India )  


Charge for Business Class in flights :Free for 40 trips / year (With wife or P.A.)  


Rent for MP hostel at Delhi :Free  


Electricity costs at home : Freeup to 50,000 units  


Local phone call charge :Free up to 1 ,70,000 calls.  


TOTAL expense for a MP [having no qualification] per year : 32,00,000 [ i.e . 2.66 lakh/month]  


TOTAL expense for 5 years :1,60,00,000

For 534 MPs, the expense for 5 years :
8,54,40,00,000 (nearly 855 crores)


AND THE PRIME MINISTER IS ASKING THE HIGHLY QUALIFIED, OUT PERFORMING CEOs TO CUT DOWN THEIR SALARIES.....    


This is how all our tax money is been swallowed and price hike on our regularcommodities.......  

And this is the present condition of our country:



   





855 crores could make their li v e s worth liv ing !!

Think of the great democracy we have.............
PLEASE FORWARD THIS MESSAGE TO ALL REAL CITIZENS OF INDIA ...
but,
STILL Proud to be an INDIAN  

   

i know hitting a delete button is easier.......bt.......try 2 press  fwd  button 2 makepeople aware of it!  

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