HC wants details of Kalaignar TV fund transfer

The Delhi high court on Friday asked the special CBI court to furnish original documents to ascertain claims of two corporate honchos that the money transferred to kalaignar TV was "valid" loan transactions. HT reports.

The Delhi high court on Friday asked the special CBI court to furnish original documents to ascertain claims of two corporate honchos that the money transferred to kalaignar TV was "valid" loan transactions. Both these men, Rajeev Agarwal and Asif Balwa, are accused of facilitating transfer of Rs 200 crore from DB Group firms to DMK-run Kalaignar TV in the 2G scam.

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"The trial court is directed to hand over these documents (pertaining to purported loan transactions) to the investigating officer who shall bring them here on the next date of hearing on June 20," Justice Ajit Bharihoke said.

Seeking bail for Agarwal and Balwa, the directors of Kusegaon Fruits and Vegetable Private Ltd, their counsel said a loan was advanced to Cineyug Films which, in turn, paid the money to Kalaignar TV and it is wrongly termed as bribe transaction.

Justice Bharihoke sought originals of the agreements executed between Kalaignar TV, Cineyug Films and Kusegaon Fruits and Vegetable.