Wednesday, Nov 26, 2014

2G Scam: Court gives bail to Raja, Kanimozhi, Ammal

2g ED had chargesheeted 19 accused -- 10 individuals and nine firms -- in the case saying that the transaction of Rs 200 crore,
Written by Kaunain Sherrif | New Delhi | Posted: August 20, 2014 3:31 pm | Updated: August 21, 2014 2:11 am

A special CBI court on Wednesday granted bail to former telecom minister A Raja, DMK MP Kanimozhi and seven others in connection with a money laundering case related to the alleged 2G scam.

“I am satisfied that the accused have been successful in making out a case for bail, more so, when they are not in custody and sending them in custody again would serve no purpose in the eyes of law,” Special Judge O P Saini said.

The court also granted bail to DMK chief M Karunanidhi’s wife Dayalu Ammal in the case. The court however dismissed the plea of Ammal seeking discharge on the ground that she was not well.

The others who have been granted bail are Swan Telecom promoters Shahid Balwa and Vinod Goenka, directors of Kusegaon Fruits and Vegetables Pvt Ltd Asif Balwa and Rajiv Agarwal, Kalaignar TV MD Sharad Kumar, Bollywood producer Karim Morani and P Amirtham. It has also asked them to furnish personal bond of Rs 5 lakh each with sureties in like amount.

The court observed that it finds no case of overwhelming evidence in favour of prosecution. The court also said the prosecution has not contended that the accused may repeat the offence of money laundering in foreseeable future.

The money laundering case relates alleged payment of Rs 200 crore to DMK-owned Kalaignar TV for grant of telecom licences to DB Group companies.

The ED has chargesheeted 10 individuals and nine firms in alleged money laundering case.

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