CBI claimed to have found some leads regarding the bribes taken by the former telecom minister. However, Raja has rejected any wrongdoing during his tenure as a minister.
In its status report, the CBI stated that the money trail originated from DB Realty, which is owned by Shahid Usman Balwa and stopped at Kalaignar TV, a channel in which the family members of Tamil Nadu Chief Minister M Karunanidhi have major stakes in.
The CBI also informed that they discovered that money had passed from DB Realty to Kusegaon Realty and then to Cineyug Films Pvt Ltd prior to reaching Kalaignar TV.
Following his arrest by the CBI, Balwa told that he knew Sadiq Batcha, a close aide of former telecom minister A Raja since 2006, a time when Raja was the ministry of Environment and Forests.
CBI sources said that Balwa had written a letter to the investigating agency during the previous year, in which he explained his relation with Batcha and A Raja.
Batcha allegedly floated Green House Promoters, a Chennai-based export house, in order to divert the 2G scam money. Green House Promoters is believed to be a conduit for funds that were paid as kickbacks in the 2G spectrum allocation scam.