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| CBI arrests Shahid Balwa's brother |
| 2G scam: CBI arrests Shahid Balwa's brother Asif Balwa
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| INDIA
, 29-March-2011
4:27:23 AM |
| The Central Bureau of Investigation (CBI) arrested Asif Balwa, the brother of Swan Telecom promoter Shahid Balwa, in connection with the 2G spectrum scam today. (Read: Who is Shahid Balwa?)
Swan Telecom is one of the beneficiaries of the 2G scam and is alleged to be a front company for Anil Ambani owned Reliance Communications. Shahid Balwa is already in custody in connection with the case. He was arrested by the CBI on February 8.
Along with Asif Balwa, the CBI has also arrested another person, Rajiv Agarwal, today.
In 2008, when he was Telecom Minister, A Raja gave away valuable spectrum at throwaway prices to companies including Balwa's Swan Telecom. Balwa allegedly repaid Raja Rs. 214 crore. Investigators believe the bribe was paid via a Mumbai company named Cineyug Films to Kalaignar TV.
Karunanidhi's daughter and DMK leader Kanimozhi and her stepmother Dayalu Ammal together own 80 per cent stake in Kalaignar TV. However, Kanimozhi and the management of the channel have both said that the money was a loan that was repaid with an interest of Rs. 30 crore.
The spectrum allocation case led to the resignation of Telecom Minister A Raja. He was later arrested and is still in custody
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