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Asif Balwa Wiki Wikipedia Arrested Shahid Balwa Brother 2g Scam

Two more people have been arrested by the Central Bureau of Investigation (CBI) in connection with the 2G spectrum scam case. Asif Balwa, the brother of DB Realty's promoter Shahid Usman Balwa, and Rajiv Agarwal have been arrested in connection with the money trail in the 2G scam in Mumbai.

Asif and Rajiv are associated with Kusegaon Fruits and Vegetables Pvt Ltd, which reportedly loaned Cineyug a sum of Rs 212 crore. But it was not a straightforward loan and passed through a maze of transactions.

The CBI has also sought time till April 2 to file the chargesheet in the 2G scam case.CNN-IBN has accessed the balance sheets of three companies to establish that loans were made to Kalaignar TV. Karunanidhi's wife MK Dayalu owns 60 per cent and daughter Kanimozhi owns another 20 percent in the DMK TV channel.

Rs 214.84 crore is reflected in Kalaignar TV's balance sheet as an unsecured loan. It comes from Cineyug Media and Entertainment Pvt Ltd and the exact amount is Rs 214.8654 crore. It is given to Kalaignar TV as an unsecured loan in the company's balance sheet for the year 2009-2010.

Cineyug is owned by the Balwas and the Morani Brothers. The question here is where does Cineyug get this loan from and as per the Cineyug balance sheet 212 crore is loaned by Kusegaon Fruit and Vegetables Pvt Ltd.