After grilling key aide and Green House Promoters managing director Sadiq Batcha on Tuesday, CBI investigators claimed on Wednesday former telecom minister A Raja invested a chunk of the kickbacks he received in the sale of 2G spectrum in real estate.
After grilling key aide and Green House Promoters managing director Sadiq Batcha on Tuesday, CBI investigators claimed on Wednesday former telecom minister A Raja invested a chunk of the kickbacks he received in the sale of second generation mobile telephony spectrum in real estate.
They said the agency had evidence that the money was re-routed to make it appear foreign and put in 14 real estate front companies of Raja in India.
Green House Promoters of Chennai is one of the 14 firms where thousands of crores of black money was illegally parked in an attempt to convert it into white.
CBI has so far interrogated Batcha four times as he is suspected of laundering bribes Raja allegedly received in the Rs1.76 lakh-crore scam.
Meanwhile, the agency questioned Raja’s elder brother Kaliaperumal. It claimed huge money was routed via Dubai, Malaysia and Singapore to Green House Promoters, Equaas Estates, Kovai Shelters Promoters India Private Limited and Shivakhamam Traders in 2008, immediately after the allocation of spectrum licences by Raja. These firms have been already raided by both CBI and the enforcement directorate and letters rogatory sent to Dubai, Malaysia and Singapore for assistance.
Green House and Equaas Estates were floated in 2004, a few months after Raja became Union minister for environment. Green House was promoted by the former minister’s eldest nephew RP Paramesh Kumar and Batcha.
Subsequently, Raja’s wife MA Parameswari joined it as a director and used the minister’s official residence, Motilal Nehru Marg, Delhi, as her business address. With these high-profile inductions, the share capital of the firm surged to a respectable Rs3 crore within 14 months of launch.
After expanding operations to Tamil Nadu, Karnataka and other parts of southern India, Green House opened an office in Singapore in 2007, violating all Foreign Exchange Management Act and RBI guidelines.
“We have learnt that the Singapore branch of the company operating from Serangoon was used to park hawala money. From this office a huge amount was pumped into its Chennai office to purchase land across the country with the help of DB Realty,” a source said.
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