Inconsistency in transactions between DB group and KTV: ED

The "inconsistency" in transaction of Rs 200 crore between DMK-run Kalaignar TV (KTV) and the DB Group firms reflects that it was not genuine, the Enforcement Directorate (ED) told a special court today. Continuing the final arguments in a 2G scam-related money laundering case lodged by the ED, special public prosecutor Anand Grover said that documents relating to the money transaction reflected the inconsistency. "The inconsistency in these transactions does not give description of a genuine business. Inconsistency tells the lie in the transactions," he told Special CBI Judge O P Saini. Grover also alleged that the documents relating to the transactions were created "post-facto". The ED had earlier alleged that the Rs 200 crore was paid to Kalaignar TV in lieu of grant of 2G spectrum licences to Swan Telecom Pvt Ltd by former Telecom Minister A Raja.

It had claimed that Rs 200 crore transaction between DB Group firms and Kalaignar TV was "illegal gratification" and the money travelled through a "circuitous route" from Dynamix Realty to Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd and finally reached KTV. The agency has alleged that a conspiracy was hatched by Raja, DMK MP Kanimozhi, DMK supremo M Karunanidhi's wife Dayalu Ammal and others and Rs 200 crore was the "proceeds of crime". Raja, Kanimozhi, Ammal and 16 others, including nine firms, are facing trial in the case in which ED had on April 25 last year filed a charge sheet under the provisions of the Prevention of Money Laundering Act.

All the accused, who are out on bail, have denied the allegations against them.