2G: CBI to move ED, DB Realty's asset to be attached

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Shahid Balwa
New Delhi, Jun 14: After getting the ultimatum from the Supreme Court, the investigation agency in 2G spectrum Central Bureau of Investigation (CBI) is expected to move the Enforcement Directorate (ED) to attach the properties of DB Realty.

The proposal made by the CBI to the ED is essentially to recover Rs 200 crore that DB Realty allegedly paid as bribe to Kalaignar TV, media report said.

The report surged its head after a bench of justices B S Chauhan and Swatanter Kumar, while terming "corruption as the worst form of human rights violation," asked CBI to come out with a status report on the loss to the state exchequer due to the award of 13 licences to one of the telecom operators and trial proceedings in the CBI special court.

The court on Monday, Jun 13 granted a week's time to CBI to file its response on the three issues and the bail pleas of Kanimozhi and Sharad Kumar, MD of Kalaignar TV.

Kanimozhi and Kumar, named as accused in the second charge sheet for allegedly taking a bribe of Rs 200 crore, were arrested on May 20 after the special court dismissed their bail pleas in the case.

Both Kanimozhi and Kumar have 20 percent stake each in Kalaignar TV Pvt Ltd which allegedly received Rs 200 crore through a "circuitous" route from Shahid Balwa promoted DB Realty.

Sources informed that only the ED has rights to attach properties under the Money Laundering and Foreign Currency Violation Act.

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