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

Written by Press Trust of India | New Delhi | Updated: Sep 1 2011, 05:10am hrs
The Enforcement Directorate on Tuesday ordered freezing of bank accounts and attachment of immovable properties of five companies in connection with the alleged bribe of R200 crore paid to Kalaignar TV in the 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 on 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 R200 crore been channelised from Shahid Usman Balwas DB Realty to DMK-run Kalaignar TV through a circuitous route via Cineyug Films and Kusegaon Fruits and Vegetables for grant of licence to Balwas Swan Telecom.