STOCK MARKET BSE NSE

Fund-raiser to Bail Out Kalaignar TV

Taped conversations purportedly held between DMK chief Karunanidhi’s secretary and man Friday

Published: 05th February 2014 08:06 AM  |   Last Updated: 05th February 2014 08:06 AM   |  A+A-

Taped conversations purportedly held between DMK chief Karunanidhi’s secretary and man Friday Shanmuganathan and former Tamil Nadu intelligence chief Jaffer Sait, released by the Aam Aadmi Party (AAP) suggest that local business houses were persuaded by Sait to extend liberal credit to Kalaignar TV — as advertisements — to help it repay `200 crore plus interest to DB Realty’s Shahid Balwa.

According to the audio recordings, Sait appears to have acted as a lynchpin to the whole drama after the 2G spectrum allocation scam broke.

On December 12, 2010, Sait allegedly informed Shanmughanathan that he had arranged for `60 crore from a person as advance for advertisement to Kalaignar TV for five years and wants the modalities to be worked out.

He also says that the ‘advertiser’ promised to pool in `20 crore more at a later date and introduce him to someone else who could give `40 crore, if permission is granted.

Sait tells Shanmuganathan that he can reveal the identity of the ‘advertiser’ not over phone but only in person. The conversation ends with Sait informing the DMK chief’s secretary that he would meet the conduit before getting back to the latter.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp