Whistleblower of NDTV frauds, Income Tax Commissioner Sanjay Kumar Srivastava has informed the Central Bureau of Investigation (CBI) that the former tainted Finance Minister P Chidambaram had parked 40 million dollars (Rs.200 crores) in NDTV. In a detailed letter to the CBI Director recently, the Income Tax Commissioner said that this 40 million dollar was the bribe taken by Chidambaram in Aircel-Maxis deal and the money was parked in NDTV as an investment from a Maxis subsidiary All Astro Asia Network.
As consideration for that fraud, an illegal gratification of US $40 million was paid by Maxis and T Ananda Krishnan and on behalf of Karti Chidambaram was routed through NDTV Ltd disguised as a purchase of shares (49% indirect stake whatever that may mean) of NDTV Lifestyle Holdings Pvt. Ltd…
“NDTV Ltd. needs to be investigated over parking of bribe of US $40 million by Maxis and its owner T. Ananda Krishnan (accused in the Aircel-Maxis case) on behalf of P Chidambaram and Karti P. Chidambaram for obtaining FIPB approval in Rs.3500 crores. Aircel-Maxis deal fraudulently claiming the proposal for Rs.180 crores only when gross value of the proposal was to be considered and which has been hushed up by certain IRS officers in lieu of bribe paid by NDTV Ltd,” said Srivastava in his 88-page letter to CBI Director detailing the frauds committed by bank scam accused Pranoy Roy headed TV channel.
“As consideration for that fraud, an illegal gratification of US $40 million was paid by Maxis and T Ananda Krishnan and on behalf of Karti Chidambaram was routed through NDTV Ltd disguised as a purchase of shares (49% indirect stake whatever that may mean) of NDTV Lifestyle Holdings Pvt. Ltd wholly owned by NDTV Networks Plc, UK which was wholly owned by NDTV Networks BV, Holland and which in turn was wholly owned by NDTV Ltd, India and all of which were sham letterbox companies owned and floated by NDTV Ltd to launder the proceeds of crime bring the bribe paid to the Union Finance Minister P Chidambaram and Karti by various entities by All Astro Asia Networks Plc, UK wholly owned subsidiary of the Maxis Ltd an T Ananda Krishnan.
“The fraudulent nature of the transaction between NDTV and Maxis is borne out from the fact that Maxis Ltd never cared to carry its investment or seek any return on that or get involved in the affairs of the company which was 49% owned by Maxis Ltd & had just forgotten their huge investment of about Rs.200 crores with NDTV Ltd and its subsidiaries. The case was hushed up by the NDTV Ltd by paying a bribe to the Indian Revenue Service (IRS) officers,” said Income Tax Commissioner SK Srivastava.
In his detailed letter, Srivastava also told CBI Director that certain CBI officials closed down the Preliminary Enquiry against three IRS officers who were in charge of NDTV’s Income Tax related files. “Presently different divisions of the CBI are handling the cases of the bribe paid by NDTV Ltd to IRS officers and their conduits (Sumana Sen IRS & her spouse and then NDTV anchor Abhisar Sharma and accomplices Ashima Neb IRS and BK Jha IRS) and the embezzlement of Rs.1,46,82,836 from Government account by NDTV Ltd,” said the Income Tax Commissioner SK Srivastava to CBI offering to share his findings of how Chidambaram parked his ill-gotten wealth in NDTV. Srivastava also produced many internal circulars of NDTV in his detailed 88 page letter.
The full letter of Income Tax Commissioner to CBI is published below:
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