The agencies have reportedly established the link between Swan Telecom and Chennai-based firm Genex Exim Ventures Private Limited.
The CBI and Enforcement Directorate (ED) officials have reportedly seized documents of four Tamil Nadu-based real estate companies, fully or partly owned by relatives of former telecom minister A Raja, to unearth the link between Swan Telecom, which bagged a 2G licence, and the circulation of the scam money.
The agencies have reportedly established the link between Swan Telecom and Chennai-based firm Genex Exim Ventures Private Limited. Genex was formed four months before the spectrum allocations with a paid-up capital of just Rs1 lakh. On December 17, 2008, it was allotted shares worth Rs380 crore in Swan. On papers, Swan is backed by Mumbai-based real estate company Dynamix Balwas Group.
Green House Promoters Private Limited, Equaas Estates Private Limited and Kovai Shelters Promoters India Private Ltd and Shivakhamam Traders, are the four companies, which were raided by the CBI and ED sleuths.
“All those four real estate companies could be having stakes in Genex. This will take our probe close to Raja,’’ said a senior CBI officer. DNA has already reported that CBI has strong suspicion that Raja has equity interest in one of the telecom companies.
Green House Promoters Private Limited was formed four months after Raja became a cabinet minister in charge of environment and forests in May 2004. Three years later, in February 2007, the minister’s wife, MA Parameswari, was added to the board as a director.
She resigned in February 2008 after her name surfaced in the media, but not before transferring her shares to another relative. Subsequently, her shares were transferred to Raja’s niece, Malarvizhi. Raja’s elder nephew RP Parmesh Kumar, is the joint managing director of Green House Promoters.
CBI sources also disclosed that Raja’s brother A Kaliaperumal is a director of Green House Promoters. Another director of this company is R Ram Ganesh, 22. He is the son of Raja’s elder brother A Ramchandran, who is an Indian forest service officer.
Coimbatore-based real estate company Kovai Shelters Promotors India Pvt Ltd was formed on January 19, 2007. Raja’s nephew Dr R Sridhar and nieces R Anandabhuvaneswari and R Santhanalakshmi are directors here and jointly hold 45% shares.
Raja’s wife Parameshwari also became a director in Equaas Estates Private Limited, another real estate firm established in 2004. Probe officials also learnt that Raja’s family has stakes in Shivakhamam Traders.
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