Thursday, February 10, 2011

Key ally of India's ruling party linked to graft (Reuters)

NEW DELHI (Reuters) – Amerindic personnel on weekday linked a key ally of the ruling legislature band to a multi-billion note telecoms scam, dealing a firm blow to a polity already crippled by corruption scandals.

A personnel lawyer told a court companies linked to a telecoms firm under enquiry for purchase mobile licenses at unfairly affordable prices had paying 2.14 1000000000 rupees ($47 million) to a TV steer separate by the Dravida Munnetra Kazhagam (DMK), which helps the ruling coalition maintain its thin eld in parliament.

The important contestant Bharatiya Janata Party, which had brought parliament to a halt demanding a probe into India's large corruption scandal, has said Prime Minister Manmohan Singh's reliance on the DMK prevented him from apace inquiring the case.

The stylish court documents become a period after the polity appeared near to agreeing to a broad, cross-party enquiry in the scandal, covering the artefact for parliament to uphold as connatural on Feb 28 for a conference that module see discussions on the budget.

The cheat does not threaten the survival of the government, but it has tarnished Singh's reputation and rattled investors in Asia's ordinal largest economy.

While scrambling to curb the outcome from the scandal, digit of the some during the Congress' second term, the polity is also inattentive from policymaking, further delaying pivotal scheme reforms such inaugural up the retail and financial sectors to foreign investors.

Court documents filed by the Central Bureau of Investigation, and seen by Reuters, showed that a company linked to Shahid Balwa, the evilness chairman of a render venture between a local firm and Abu Dhabi's Etisalat, had presented the money to a TV send what was linked to Andimuthu Raja, the ashamed telecoms minister who was sacked over the scandal.

Authorities hit inactive Raja, a DMK member, and Balwa in connection with the scandal, in which the polity is questionable to hit lost as much $39 1000000000 in the honor of second-general telecoms licenses in 2008.

"There was a transaction of most 2.14 1000000000 rupees from Cineyug Films to Kalaignar TV in the assemblage 2009," the court documents said.

The writing said Kalaignar TV, which is controlled by the DMK, was linked to Raja and that the money was presented to Cineyug by firms controlled by Balwa and his relatives

Balwa's lawyer, Vivek Aggrawal, told the court the money was related to a deal Cineyug was considering with Kalaignar TV.

"At the terminal moment our talks fizzled out. This money has been returned," he said. DMK officials declined to comment.

(Additional news by Devidutta Tripathy; Editing by Krittivas Mukherjee and Miral Fahmy)


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