Did money flow to a known terrorist from Tata/ Air Asia deal?
Producing the copy of forensic audit report on financial transactions of Tata Group, BJP leader Subramanian Swamy has petitioned to CBI on Friday to conduct probe on the ‘hawala transactions’ and payments to terror linked persons in Air Asia related business operations. The forensic audit report clearly said the money were flown to an entity linked with a Dubai resident Hamid Reza Malakotipour, whom the US Government has classified as ‘A Specially Designated Global Terrorist’ for his suspected terrorist activities.
…the Tata Sons under the leadership of Ratan Tata had engaged in corrupt hawala routed action with a Dubai based resident Hamid Reza Malakotipour…
“Recently I have had the opportunity to get a synopsis of the Forensic Audit Report carried out by Deloitte and on money flow emanating on the authority of Ratan Tata. I am enclosing a photocopy of the relevant two pages for your perusal.
“According to this, the Tata Sons under the leadership of Ratan Tata had engaged in corrupt hawala routed action with a Dubai based resident Hamid Reza Malakotipour, whom the US Government has classified as ‘A Specially Designated Global Terrorist’ for his suspected terrorist activities,” said Swamy in a letter to Rakesh Asthana, the acting CBI Director.
Swamy letter with the two pages of the sensitive forensic audit report is published at the end of this report. The confidential report says in connection with Air Asia operations, money from Tata Group companies were flown to a company called HNR Trading PTE Ltd, where one Rajendra Dubey holds 99.9% stake.
“Review of Dubey’s directorships revealed that he was Director and Shareholder in an entity called Green IT Com Private Limited registered on 23 May 2011 along with an individual by the name Hamid Reza Malakotipour. Hamid, a Dubai resident, has been identified by the US Department of Treasury as a ‘Specially Designated Global Terrorist’ for suspected terrorist activities. He was alleged of supplying equipment to the Islamic Revolutionary Guard Corps (IRGC) – Quds Force, an Iran based special operation force designated as a supporter of terrorism since 2007 by the United States.
The findings of the Forensic Audit Report expose the tall claims of integrity by Ratan Tata.
“As per a press release published by the United States Department of the Treasury dated 06 February 2014, Hamid was listed as one of the ‘Treasury Targets Networks Linked to Iran’ for his alleged terrorist-related activity. Hamid had served as the regional manager of Mahan Air in the UAE and also was the managing director of Sirjanco Trading LLC and BSA FZE and he is alleged to have supplied equipment to IRGC during his stints with one of these companies. These findings are based on searches of public records and subscribed databases,” said the Deloitte’s Forensic Audit Report on Tata Group’s financial bungling. The Report was prepared as per the directions of Cyrus Mistry, the ousted Chairman of Tata Sons. The audit report which believed to be more than 400 pages has found several financial irregularities in the Tata Group and this preparation of the report was the prime point of a tussle between Ratan Tata and Mystry.
The findings of the Forensic Audit Report expose the tall claims of integrity by Ratan Tata. Recently Delhi High Court also summoned the production of the entire Forensic Audit report on Tata Group prepared by Deloitte, as per the directions of Cyrus Mistry, the ousted chairman of Tata Sons. Swamy had already written ED Chief on the matter seeking to summon this Forensic Audit Report exposing the financial irregularities happened as per the approval of Ratan Tata.
Here’s a copy of the letter of Dr. Swamy to the Director of CBI with details of Deloitte’s findings:
Swamys Complaint to CBIonRatanTata's Money Routing in AirAsia by PGurus on Scribd
Correction: The title has been corrected to indicate the possible direction of money flow.
Oil prices surge by more than $3/barrel on Middle East supply disruption fear Amid escalating…
Sensex, Nifty drag as rising Middle East tensions unnerve D-Street investors On Friday, BSE Sensex…
Israeli missiles strike site in Iran According to a news report, Israeli missiles hit a…
Election Commission of India reports a staggering 16.63 crore eligible voters for Phase 1 The…
Delhi Waqf Board case: AAP MLA Amanatullah Khan appears before ED According to sources, the…
Indigenous Technology Cruise Missile successfully test-fired DRDO has conducted a successful flight test of the…
This website uses cookies.
View Comments
The matter is more deeper than mentioned in this article. There are many people & organizations which are classified as terrorists by India, but not by the US and vice versa.
1) Here the article mentions IRGC, which Iran recognizes as a Government entitee which is involved in preventing external countries like USA take over control of Iranian Govt. It is an extension of the official Iran army. It is then quite obvious that USA will label such organizations as "terrorist" organizations since because of it's presence, USA cannot attack Iran directly or indirectly, the way the destroyed Iraq by murdering Saddam Hussein claiming that he has secret "Weapons of Mass Destruction" and after 10 years of war/loot, USA declaring that there were no such weapons. In fact, IRGC is labelled as a terrorist organization by only 3 countries - Bahrain, Saudi Arabia and USA. No other country including India has labelled it as a terrorist organization.
2) There is an internal fight between Cyrus Mistry and Rattan Tata. Rattan Tata is obviously not a genetic Tata - he's an adopted child who was born to a distant relative of the original Tata's. This is what makes Cyrus Mistry fume with anger at the thought of Rattan Tata running the Tata's. I personally do not know who is more capable between the two - but CBI probe is possible only if India also labels IRGC as a terrorist organization. Otherwise, this case might be weaker than what Cyris Mistry would want it to be.
3) The Indian Govt needs to take a proactive role in identifying terrorist organizations. If indeed IRGC has terror links within Iran and beyond, then that angle needs to be probed first, before pointing fingers at Rattan Tata.
As per my conscience Ratna Tata is a true Patriot of India....this is conspiracy planed to defame Mr Ratna Tara's image... What ever you all do to probe against him he shall come out clean!!!!!
CBI probe to be held, to clear any doubts on Tata. If guilty to be punished as per law, if not guilty he will be freed
Dr swamy is really genious unearthing numerous irregularities of great whowere free to move inthe societyy forthe sake ofour country
There is nothing gernerous about his false accusations and attempts to smear innocent people to terrorize them.
TATA groomed me to be a true nationalist. I did so in every action till today. But now I request Central Bureau of Investigation to come out clean on the SHAMLESSNESS OF TATA.
That is not Ratan Tata's name nor his actions.
Look at the document. He has a different persons name in the accusation.
Swamy's wife is an attorney this is his lope whole againt any defamation case against Swamy. He is making accusations to try and sway the aeGM votes this week for his
BFF Nusli Wadia.
Jon, I don't know who in blazes YOU are. BUT , going by your STRONG rebukes in defending the TATA'S, maybe YOU TOO need to be probed by ED & CBI !!!
Not Ratan Tata....he is Rotten Tata...
Is that you Nusli Wadia
It is about time for tatas to come clean. This is the corrupt drug dealer family which traded opium with east india company and looted money from poor by forcing farmers to grow opium, this is the same man Ratan Tata who lobbied on behalf of kissinger to free Anderson in Bhopal Gas incident and helped him to escape. His dealing in radia tapes tell you that this man is capable of selling Indian interest