The Central Bureau of Investigation (CBI) is expected to talk to DMK MP K. Kanimozhi and corporate lobbyist Niira Radia, according to news reports.
It is believed that the CBI is also preparing a list of all ineligible telecom companies which had got the licences in 2008, besides scrutinising the papers of a deal between Tata Realty and Unitech.
The CBI is also looking into the merger of eight different companies of Unitech which is alleged to have merged all their licenses and obtained a waiver of the mandatory three-year lock-in-period for selling their shares.
Also, the agency would be questioning Kanimozhi, daughter of DMK chief and Tamil Nadu Chief Minister M. Karunanidhi, soon. The CBI has claimed that it had found a money trail of Rs 2.14 billion of funding to Kalaignar TV, a regional channel operational mainly in Tamil Nadu in which Karunanidhi’s family members allegedly have a majority stake, by DB Realty.
The CBI is also conducting a close examination of a deal between Tata Realty and Infrastructure and Unitech, whereby the latter had received a loan, which the agency claims, had been diverted. Radia is likely to be summoned again by the CBI in connection with the case for allegedly playing an important role in the deal.
The CBI has roped in the Enforcement Directorate officials to help it in locating the money trail and detect any violation of Foreign Exchange Management Act (FEMA) as well as stake holding-patterns in some of the firms which acted as front for other telecom companies.
