The agency had claimed that the series of transactions relating to transfer of Rs 200 crore from DB group company to DMK-run Kalaignar TV through Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films Pvt Ltd were not “genuine business transaction”.
Besides Raja, Kanimozhi and Dayalu Ammal, the other accused in the case are Shahid Usman Balwa, Vinod Goenka, Directors of Kusegaon Fruits and Vegetables Pvt Ltd Asif Balwa and Rajiv Agarwal, Sharad Kumar, Bollywood producer Karim Morani and P Amirtham.
Countering the allegations, Raja and Kanimozhi had argued that documents filed along with the ED's complaint nowhere show that they were connected with Rs 200-crore transaction from DB group to Kalaignar TV.
Similarly, other co-accused, including Swan Telecom Pvt Ltd promoters Shahid Usman Balwa and Vinod Goenka, had argued that there were no evidence to connect them with the alleged crime and its proceeds.
