#SwamyVsNDTV – First it was a letter from Dr. Swamy to the PM. That started this thread…
he Swamy vs NDTV and its high profile journalists has turned into a bitter battle of words. Reacting to Swamy’s complaint for probing the role of NDTV by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) the TV channel has now come out with a press release – listing seven points terming them as lies of Subramanian Swamy. [Link: http://www.ndtv.com/press-release/the-lies-of-subramanian-swamy-1442886]. PGurus did some fact checking and our findings are listed below. Additional data by way of Web links (URLs) have been provided.
Point No: 1 NDTV claims 40 million dollar investment by Maxis’ subsidiary Astro All Asia Networks is an approved deal by FIPB and ED has never raised this issue. Not quite true, NDTV! The ED in its charge sheet in Aircel-Maxis case refers to this deal as doubtful. On ED’s application, the 2G Special Court has already sent Letter of Rogatory (LR) to London in January 2016 to get the details of this doubtful deal. [Link: http://www.dailypioneer.com/nation/four-lrs-in-probe-on-money-trail.html]
Point No: 2 NDTV says ED has not slapped any fine of Rs.2030 crore ($304 million). Here NDTV is playing with words. The fact of the matter is that NDTV is now facing Foreign Exchange Maintenance Act (FEMA) violations and ED has served a notice of Rs.2030 crores ($304 million). The matter is now in the adjudication stage. We believe that it is not completely false, as stated in the Press Release. [Link: http://www.thehindu.com/news/national/ed-serves-rs-2030-crore-notice-on-ndtv-for-fema-violations/article7900384.ece ]
Point No: 3 NDTV says most of the persons are not Directors of its UK company called NDTV Networks PLC (NNPLC). Here also NDTV is playing with words. The Annual Return filed by the company to UK authorities clearly shows that Barkha Dutt, Sonia Singh, Vikram Chandra are some of the major shareholders of the company, now on the radar of ED and Income Tax. According to the IT letter to NDTV dated June 15, 2016, it observed that NNPLC was a shell company (see Para 8 of the IT Report). [Link: NDTV claimed they sold dreams. IT said: No. It is a sham transaction, slaps ₹525 cr fine]
Point No: 4 Swamy said Fuse Media registered in tax haven is a secret company of NDTV. NDTV says it is not an NDTV company and it is only an investor in NDTV. It would be nice if NDTV discloses the human faces behind this Fuse Media, registered in Cayman Islands.
Point No: 5 NDTV claims Astro’s investment in NDTV was given a clean chit by Income Tax. But the fact of the matter is, it is still in ED’s radar and mentioned as doubtful money flow during the Aircel-Maxis scam and 2G Court has issued LR to UK to get the details of this money transaction. Maxis subsidiary Astro is already charge sheeted by CBI and ED for bribing and pumping money to Sun TV.
Point No: 6 NDTV says, the UK based NDTV Networks Plc is a genuine company. We quote once again, Income Tax Department letter to NDTV, wherein IT says that NNPLC did not even have any employees in the UK! Readers can judge the genuineness. NDTV also needs to answer why they dissolved this company in October 2011. Further they have to explain why the ED slapped FEMA violations for the money routing through the NNPLC. Swamy’s demand was to register the case under PMLA, rather than diluted FEMA which envisages fine only. PMLA envisages a three to seven year punishment.
Point No: 7 The 2G court ruled in favour of NDTV… It claims 2G Court had fined a petitioner and ruled in favour of NDTV. Here the TV channel is being mischievous with facts. Whistleblower Income Tax official S K Srivastava in early 2011 filed a complaint against NDTV for financial bungling. The 2G Court rejected his petition saying that the matter is not under its purview and admonished him and put a fine on him for the objectionable language in the petition. This appears to be an attempt by NDTV to fool people by mixing Srivastava’s petition with Swamy’s complaint.
A Social Media poll doing the rounds about who (Swamy vs NDTV) is more trustworthy shows the following results:
1. The conversion rate used in this article is 1 USD = 66.74 Rupees.
2. Text in Blue points to additional data on the topic.
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