2G scam verdict_ tale of two former cbi chiefs and their shocking revelations over a raja, kanimozhi acquittals u s anti money laundering laws

2G scam verdict: the key verdict in the 2G sacm cases has grabbed all the eyeballs. Two former CBI chiefs, who handled the probe during their tenure, have taken contradictory stands on judge O P saini’s verdict. Former CBI director A P singh said he is disappointed and surprised over the acquittals. His successor ranjit sinha expressed contary views stating that his stand has been ‘vindicated’ by the verdict since he had faced criticism for handling of the case. Ranjit sinha was CBI director from 2012 to 2014. His predecessor, A P singh was director between 2010-2012. ‘even at that time I had felt that the investigations in the 2G case were going in the wrong direction. I had wanted to bring these facts to the notice of the supreme court but my report was never submitted.

Of course, it was the CVC who stood by me.’ ?Yes, I am standing by the allegations made by us in the chargesheets.U s anti money laundering laws there is no doubt that companies like swan and unitech had tweaked the system and manipulated the 2G allocation scheme. Everyone knows this and that is why I am sorry for what has happened today,? A P singh said.

The CBI yesterday said it would file an appeal against the 2G scam case verdict by a special court, which acquitted all the 16 accused rejecting the case presented by the agency. The agency, which normally takes months to study court orders before proceeding to file an appeal in higher court, declared within hours of the verdict that it has been prima facie examined. The judgement relating to the 2G scam case of today has been prima facie examined and it appears that the evidence adduced to substantiate the charges by the prosecution has not been appreciated in its proper perspective by the learned court. The CBI will be taking necessary legal remedies in the matter, CBI spokesperson abhishek dayal said.U s anti money laundering laws

Asked whether an appeal would be filed in the delhi high court challenging the verdict, the spokesperson replied in the affirmative. Former telecom minister A raja and DMK MP kanimozhi were today acquitted by the special court in the 2G spectrum scam case. Fifteen other accused in the case and three companies were also acquitted. The enforcement directorate (ED) has also decided to appeal against the judgement of the special court that acquitted 19 people in the 2G spectrum allocation money laundering case. © image

ED officials said the agency would study the order and knock on the doors of the high court armed with their evidence and investigation. The officials said it has to be seen if the ED case has been rejected by the court merely because the predicate offence probe of the CBI has been rejected or there were other reasons to do so. Besides raja and kanimozhi, special judge O P saini also acquitted shahid balwa, vinod goenka, asif balwa, rajiv aggarwal, karim morani, P amirtham and sharad kumar in connection with the case.U s anti money laundering laws

In its charge sheet, the ED also named DMK supremo M karunanidhi’s wife dayalu ammal as an accused in the case in which it had alleged that rs 200 crore was paid by swan telecom (P) ltd (STPL) promoters to DMK-run kalaignar TV. In its final report, the ED had named 10 individuals and nine companies as accused and listed them in the charge sheet for the offences under the prevention of money laundering act.

Besides kalaignar TV, the other companies accused in the case were STPL (now etisalat DB telecom (P) ltd), kusegaon realty (P) ltd, cineyug media entertainment (P) ltd, dynamix realty, eversmile construction company (P) ltd, conwood construction developers (P) ltd, DB realty ltd and mystical construction (P) ltd (earlier known as nihar constructions (P) ltd).

2G scam verdict: the key verdict in the 2G sacm cases has grabbed all the eyeballs. Two former CBI chiefs, who handled the probe during their tenure, have taken contradictory stands on judge O P saini’s verdict.U s anti money laundering laws former CBI director A P singh said he is disappointed and surprised over the acquittals. His successor ranjit sinha expressed contary views stating that his stand has been ‘vindicated’ by the verdict since he had faced criticism for handling of the case. Ranjit sinha was CBI director from 2012 to 2014. His predecessor, A P singh was director between 2010-2012. ‘even at that time I had felt that the investigations in the 2G case were going in the wrong direction. I had wanted to bring these facts to the notice of the supreme court but my report was never submitted. Of course, it was the CVC who stood by me.’ ?Yes, I am standing by the allegations made by us in the chargesheets. There is no doubt that companies like swan and unitech had tweaked the system and manipulated the 2G allocation scheme. Everyone knows this and that is why I am sorry for what has happened today,?U s anti money laundering laws A P singh said.

The CBI yesterday said it would file an appeal against the 2G scam case verdict by a special court, which acquitted all the 16 accused rejecting the case presented by the agency. The agency, which normally takes months to study court orders before proceeding to file an appeal in higher court, declared within hours of the verdict that it has been prima facie examined. The judgement relating to the 2G scam case of today has been prima facie examined and it appears that the evidence adduced to substantiate the charges by the prosecution has not been appreciated in its proper perspective by the learned court. The CBI will be taking necessary legal remedies in the matter, CBI spokesperson abhishek dayal said.

Asked whether an appeal would be filed in the delhi high court challenging the verdict, the spokesperson replied in the affirmative.U s anti money laundering laws former telecom minister A raja and DMK MP kanimozhi were today acquitted by the special court in the 2G spectrum scam case. Fifteen other accused in the case and three companies were also acquitted. The enforcement directorate (ED) has also decided to appeal against the judgement of the special court that acquitted 19 people in the 2G spectrum allocation money laundering case. © image

ED officials said the agency would study the order and knock on the doors of the high court armed with their evidence and investigation. The officials said it has to be seen if the ED case has been rejected by the court merely because the predicate offence probe of the CBI has been rejected or there were other reasons to do so. Besides raja and kanimozhi, special judge O P saini also acquitted shahid balwa, vinod goenka, asif balwa, rajiv aggarwal, karim morani, P amirtham and sharad kumar in connection with the case.U s anti money laundering laws

In its charge sheet, the ED also named DMK supremo M karunanidhi’s wife dayalu ammal as an accused in the case in which it had alleged that rs 200 crore was paid by swan telecom (P) ltd (STPL) promoters to DMK-run kalaignar TV. In its final report, the ED had named 10 individuals and nine companies as accused and listed them in the charge sheet for the offences under the prevention of money laundering act.

Besides kalaignar TV, the other companies accused in the case were STPL (now etisalat DB telecom (P) ltd), kusegaon realty (P) ltd, cineyug media entertainment (P) ltd, dynamix realty, eversmile construction company (P) ltd, conwood construction developers (P) ltd, DB realty ltd and mystical construction (P) ltd (earlier known as nihar constructions (P) ltd).