Kanimozhi had no role in 200-crore transaction: Kalaignar TV manager

A prosecution witness on Friday told a special court here that DMK MP Kanimozhi, facing trial in the 2G spectrum allocation case, had “no role at all” in the Rs. 200-crore transaction between Kalaignar TV (P) Ltd and Cineyug Films (P) Limited.

The CBI’s contention has been that Ms. Kanimozhi took interest in the day-to-day affairs of the TV channel, in which she was having 20 per cent shares.

Now G. Rajendran, general manager (Finance) of Kalaignar TV, told the court: “It is correct that in all the investment matters from Cineyug Films to Kalaignar TV and vice versa, Kanimozhi Karunanidhi had no role at all.”

Mr. Rajendran said Kalaignar TV applied for licence from the Information and Broadcasting Ministry only more than a month after Ms. Kanimozhi had resigned as director of the channel on June 20, 2007.

He said Kalaignar TV received Rs. 200 crore from Cineyug Films through banking channel in different tranches. All the money was ploughed into Kalaignar TV’s business operations.

Mr. Rajendran said Ms. Kanimozhi had neither attended any board meeting nor visited Kalaignar TV office after June 20, 2007.

On being cross-examined by senior advocate Sushil Kumar, who appeared for Sharad Kumar, Mr. Rajendran said Dayalu Ammal (DMK chief M. Karunanidhi’s wife) was fully aware of the decision to raise Rs. 200 crore from Cineyug Films and Sharad had “not acted independently on his own” as all his actions were authorised and approved by Dayalu Ammal.

Source: http://cablequest.org/news/national-news/item/2431-kanimozhi-had-no-role-in-200-crore-transaction-kalaignar-tv-manager.htmlSource: http://cablequest.org/news/national-news/item/2431-kanimozhi-had-no-role-in-200-crore-transaction-kalaignar-tv-manager.html