Tamil Nadu chief minister M Karunanidhi's daughter and DMK MP Kanimozhi is likely to be chargesheeted by the CBI for criminal conspiracy under section 120B of Indian Penal Code in the 2G spectrum scam. ( Read: 'CBI, ED probe more than satisfactory' ) Top sources told TOI the charge against Kanimozhi related to the Rs 214-crore investment made by a subsidiary of DB Realty in Kalaignar TV in 2009-10. They said the money originated from Kusegaon Realty, went to Cineyug Films Pvt Ltd and then to Kalaignar TV.
Senior advocate K K Venugopal told a Supreme Court bench, comprising Justices G S Singhvi and A K Ganguly, that both the CBI and the Enforcement Directorate have investigated whether the Rs 214 crore investment in Kalaignar TV by a DB Realty arm was a loan or a quid pro quo for getting spectrum in conspiracy with the then telecom minister A Raja.
"Once the Rs 214-crore investment came into public knowledge, there was an excuse given that it was a valid loan transaction which fell through. But, the resolution was passed much later," Venugopal said.
The key accused in the scam, Raja, will face charges under the Prevention of Corruption Act as well as under IPC for conspiracy and forgery charges in addition to the charge of masterminding irregular allotment of spectrum, thereby causing losses to the exchequer running into thousands of crores.
The CBI's first chargesheet, to be filed on April 2 before a special court set up on Tuesday to deal exclusively with the 2G scam trial, will be against five persons and two companies. The agencies will corroborate their charges with documents running into over 80,000 pages.
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