The inward flow to Kalaignar TV is from DB Realty-Kusegaon vegetables-Cineyug-Kalaignar TV.
Return of the ‘Loan’ is still more curious.
Note the amount retained by each company while transferring to the other company.
Why are they retained?
Again Anjugam pictures, if I recall, is an old( about 35 years) company of Karunanidhi Company which produced films,now more or less extinct.
Why is this money being transferred to this Company?
Return of the ‘Loan’ shall reveal interesting details like ‘Veeranam Scam ‘ and other scams of Karunanidhi.
Anjugam pictures was used as a conduit for bribes way back in Sixties.
Read my blogs under’Corruption’.
The money trail in the 2G telecom spectrum scam has led the Income Tax Department to 19 “non-genuine” companies in Kolkata allegedly used by Kalaignar TV to return Rs 230 crore to Cineyug, taken as “loan“, after a probe was initiated into it.
During its probe into the spectrum allocation scam, the I-T Department zeroed in on 19 companies based in Kolkata that were allegedly used to pay Rs 52.20 crore to Kalaignar TV, in which DMK MP Kanimozhi had a 20 per cent stake, a recent report of the department said.
The money from these companies was transferred to Saphire Media and Infrastructure Limited, which gave a Rs 83 crore loan to Anjugam Films Private Limited, which again forwarded Rs 69.61 crore as a loan to Kalaignar TV to pay Rs 230.31 crore to Karim Morani-owned Cineyug Media and Entertainment as repayment of its Rs 200 crore “loan”.
http://www.indianexpress.com/news/19-kolkata-companies-under-it-scanner-for-funding-kalaignar/815921
‘ CBI has discovered, “the said amount of Rs 200 crore was transferred by M/s Dynamix Realty to various DB group companies that includes M/s DB Realty Limited, M/s Nihar Constructions Private Limited, M/s Eversmile Construction Private Limited, and M/s Conwood Construction and Developers Private Limited, immediately after it received the same from M/s Kusegaon Fruits and Vegetables Private Limited during December 2010 to February 2011.” ‘
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