ED orders attachment of properties of 5 cos in 2G case

New Delhi, Aug 30 (PTI) The Enforcement Directorate
Tuesday ordered freezing of bank accounts and attachment of
immoveable properties of five companies in connection with the
alleged bribe of Rs 200 crore paid to Kalaignar TV in 2G
spectrum allocation scam.
The bank accounts and immovable property, especially land
of Dynamix realty, Conwood Constructions, Eversmile
Constructions, Nihar Constructions and DB realty have been
attached, ED officials said.
When contacted, representative of the construction
companies said they were awaiting the order.
The Directorate had identified various properties in this
regard and formal orders were issued Tuesday.
The properties will be attached under the provisions of
the Prevention of Money Laundering Act (PMLA) and will be
termed as "proceeds of crime" under the Act, they said.
This is the first attachment order in 2G case and the
action is expected to be followed by the properties of various
telecom firms involved in the case.
The CBI charge sheet has alleged a bribe money of Rs 200
crore had been channelised from Shahid Usman Balwa's DB
Realty to DMK-run Kalaignar TV through a "circuitous route"
via Cineyug Films and Kusegaon Fruits and Vegetables Pvt Ltd
for grant of licence to Balwa's Swan Telecom.
Central Bureau of Investigation(CBI), in its first charge
sheet, has alleged Balwa, along with other co-accused in the
case, had entered into a conspiracy for manipulating the
procedure for allocation of spectrum with the aim of favouring
companies like Swan Telecom and Unitech Group.
DMK Member of Parliament(MP) Kanimozhi and Kalaignar TV
MD Sharad Kumar are already in Tihar Jail in 2G case.