The Radia tapes controversy relates to the taped and released telephonic conversations between Nira (also Niira) Radia, a professional lobbyist and politicians, corporates and industrialists, officials, bureaucrats, aides and journalists that were taped by the Indian Income Tax Department in 2008-09. The tapes led to government and public accusation that these calls documented planning of the 2G spectrum scam, along with other criminal and unconstitutional malpractices. Nira Radia runs apublic relations firm named Vaishnavi Corporate Communications and also operates through subsidiaries such as Neucom, Noesis Strategic Consulting Services and Vitcom Consulting whose clients, among others, include Ratan Tata’s Tata Group,Mukesh Ambani’s Reliance Industries and Prannoy Roy’s NDTV.
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After getting authorization from the Home Ministry, the Indian Income Tax department tapped Radia’s phone lines for 300 days in 2008-2009, as part of it’s investigations into alleged large scale money laundering, tax evasion and financial malpractices by Niira Radia.
A Hindi web portal Bhadas4media took up this story as early as May 2010 when on 07 May 2010, the first article was published. and requests for information under the Right to Information Act’
In November 2010, OPEN magazine carried a story which reported transcripts of some of the telephone conversations of Niira Radia with senior journalists, politicians, and corporate houses, many of whom have denied the allegations. The Central Bureau of Investigation has announced that they have 8000 recordings of phone conversations by Radia in relation to the 2G spectrum sale.
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In the recorded conversations between Nira Radia and prominent figures, several prominent figures are heard in conversation with Radia:
Please follow link for details, for audio and video
CHENNAI: A day after Janata Party presidentSubramanian Swamy named him a co-accused in the 2G spectrum scam, DMK chief M Karunanidhi on Sunday sent him a legal notice demanding that he immediately retract his statement.
Terming Swamy’s remarks as motivated by personal malice, political rivalry and clamour for cheap publicity, Karunanidhi categorically stated that he has no involvement whatsoever to the alleged 2G spectrum case.
Saying that Swamy’s attempt to involve his name is motivated, Karunanidhi demanded that the statement be retracted in 24 hours, failing which legal action would be taken against him for defamation.
“I have named DMK chief Karunanidhi as a co-accused along with Raja in the matter and many more names will be added,” Swamy told the court.
He said the matter is wider than the CBI investigation and in the “nation’s interest”.
The court asked the probe agency to file its detailed report of the investigation and also whether it covers the aspect of national security as raised by Swamy.
Central Bureau of Investigation (CBI) judge Pradeep Chaddha issued notice to the CBI seeking prosecution of Raja in the 2G spectrum case.
The notice has been issued for February 22.
The order came on a private complaint filed by Swamy seeking registration of a criminal case against Raja for his alleged role in the scam, which, according to the Comptroller and Auditor General (CAG), caused a presumptive loss of Rs 1.76 lakh crore to the exchequer.
Meanwhile, the CAG has submitted a detailed report in the scam.
Raja and two of his aides were arrested here on Wednesday for their suspected role in the allocation of airwaves for second generation (2G) phone services, billed as the country’s biggest corruption scandal to date. http://www.zeenews.com/news685191.html
Swann telecom sold the licence to Etisalat shortly after being allotted the licence at whooping price.
Swann Telecom is reported to be a front company of a leading Business house in India.
Now Karunanidhi is implicated in all these transactions through intermediaries.
Check the fact that the gentle man who has been raided spent most of his business time in in Dubai and he belongs to a particular community ; he has been chosen to be the intermediary because of religious proximity to powers in UAE/Dubai.
Scam apart, these scamsters have compromised national security.
Is some one listening?
Or is every thing being sacrificed for electoral gains?
If these people continue in this vein they shall have no India to loot further.
NEW DELHI: Investigating agencies probing the alleged irregularity in allocation of 2G licences are examining a transaction in which over Rs 200 crore was transferred from Mumbai-based DB group to Kalaignar TV, a broadcaster majority-owned by family members of DMK party chief M Karunanidhi .
The reason for the transaction—in which Rs 214 crore was transferred in fiscal 2009-10 from a subsidiary of DB Realty to Kalaignar TV by way of two other companies—was for an entity called Cineyug to pick over 30% in the TV channel, says a senior DB Realty official.
But the deal fell through because of valuation differences and the money has since been repaid, the official—Asif Balwa, DB Realty’s CFO and executive director—said.
Officers from investigating agencies are interested in the deal because the telecom arm of DB Realty figures among the companies that bagged 2G licences in 2008. A Raja , the controversial former telecom minister and a leading light of the DMK who was arrested by the Central Bureau of Investigation (CBI) on Wednesday, was in charge when the licences were handed out, allegedly at below-market prices.
The DB group’s telecom arm had sold 45% to UAE-based Etisalat for $900 million in 2009. The company, earlier known as Swan Telecom, is now known as Etisalat-DB.
Three-legged deal
The officials from the investigating agencies say the money was transferred in three stages in the course of financial year 2009-10. The first involved transfer of money of around Rs 200 crore from Dynamix Realty to Kusegaon Realty Pvt Ltd.
Cineyug denies links with DB
DB Realty, according to its 2009-10 annual report, owns 99% in Dynamix Realty, a partnership firm. In turn, Balwa and another DB Realty employee, Rajiv Agarwal Batekrishna, have equal stake in Kusegaon Realty, as per documents filed with the Ministry of Corporate Affairs, or MCA.
In the second leg, Kusegaon Realty invested Rs 206 crore in Cineyug Films Pvt Ltd. This amount is classified under the loans and advances category in the audited annual accounts of Kusegaon in 2009-10. Kusegaon owns 49% of Cineyug and the rest is held by the Morani brothers, who run event management companies, according to MCA flings.
For both Cineyug and Kusegaon, the transfer of money amounting to around Rs210 crore accounted for more than 95% of the total balance-sheet size.
In the final leg, Cineyug gave Rs214.8 crore as advances to Kalaignar TV in 2009-10, according to filings with MCA. The owners of Cineyug denied any links with DB Realty.
“There is no business association between Cineyug and DB group. The transaction between Kusegaon and Cineyug is purely a business transaction and at present Kusegaon owns a stake in Cineyug,” says Karim Morani, promoter of Cineyug in a faxed reply to a questionnaire sent by ET. “However, I know the promoters of DB Group, i.e. Vinod Goenka, for the last 40 years,” he adds. DB Realty is owned by Shahid Balwa and Goenka.According to both Morani and Asif Balwa, the money (Rs214 crore) was transferred to acquire 27-34% of Kalaignar TV, but the deal did not transpire because of differences in valuation.
At this stage, says Balwa, there was no option but to convert what was originally intended to be share subscription money into a loan.
“The loan was secured against an agreement to pledge 100% shares of the promoters of Kalaignar TV which gave a cover of 2.5 times the amount of loan,” he says. The money has subsequently been repaid with interest, according to Balwa.
‘Kalaignar professionally run’
Karunanidhi’s wife MK Dayalu and daughter Kanimozhi own 60% and 20% of Kalaignar TV, respectively. But Sharad Kumar, who owns 20% of Kalaignar TV, says the two ladies had no role whatsoever in any of this.”We were looking at investors and we contacted some people. Morani and I go back a long way so this worked out.
Well,he can not help himself speaking thus, for the place where he is, makes him speak thus.
Reminds one of Haldemann of Nixon and Watergate .
Story.
He said there was “no loss at all” to the exchequer due to allocation of licences and 2G spectrum in 2008.
The period pertains to his predecessor A Raja who was forced to quit on the issue of alleged scam in spectrum allocation over which the Comptroller and Auditor General had come out with a report including the whopping presumptive loss figure.
The order came on a private complaint filed by Swamy seeking registration of a criminal case against Raja for his alleged role in the scam, which, according to the 
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