Delhi court grants bail to all accused in 2G related case

Tags: News
Former telecom minister A Raja, DMK MP Kanimozhi and seven others, chargesheeted by the enforcement directorate (ED) in a 2G scam-related money laundering case, were today granted bail by a special CBI court.

"All the bail applications are allowed," Special CBI Judge O P Saini said and asked them to furnish a personal bond of Rs five lakh each and a surety of like amount.

Earlier during the day, the court granted bail to DMK supremo M Karunanidhi's wife Dayalu Ammal, who was also chargesheeted in the case.

83-year-old Ammal was given bail on a personal bond of Rs five lakh with two sureties of the like amount.

The court, however, dismissed the plea of Ammal seeking discharge in the case on the ground that she was not well and was suffering from unsoundness of mind.

ED had chargesheeted 19 accused -- 10 individuals and nine firms -- in the case saying that the transaction of Rs 200 crore, which was allegedly paid to DMK-run Kalaignar TV, was 'not genuine' and it was a 'bribe for grant of telecom licences to DB Group companies'.

Ammal was holding 60% stake in Kalaignar TV while Kanimozhi and Sharad Kumar were holding 20% stake each, the agency had said.

It had also claimed that its probe into the case emanates from 2G spectrum allocation scam and the accused had allegedly conspired and committed offences under provisions of the Prevention of Money Laundering Act (PMLA).

Besides Raja and Kanimozhi, ED had named Swan Telecom promoters Shahid Usman 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, Ammal and P Amirtham as accused in the case.

They all had moved bail applications which were allowed by the court.

EDITORIAL OF THE DAY

  • Stricter deterrent must to force defiant promoters to buy back shares

    The Securities and Exchange Board of India’s (Sebi’s) decision to delist companies that have been suspended from trading on stock exchanges for mo

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture