Senior BJP leader Subramanian Swamy wrote to the Director of Enforcement Directorate (ED) urging him to probe the huge money laundering that occurred in the dubious SpiceJet transfer between Maran family and current owner Ajay Singh. In his complaint, Swamy alleged that 150 million dollars were laundered to Guernsey Islands. Prof. R Vaidyanathan was among the first to write about it almost two years ago!
SpiceJet was acquired by Marans when UPA Government came to power in 2004. But all of a sudden in mid-2014, Marans covertly transferred the ownership back to Ajay Singh.
“Though SpiceJet is and was a Listed company, it illegally allowed the transfer of shares, without informing the Stock Exchanges, of SpiceJet by Aircel-Maxis accused Kalanidhi Maran and family members to Ajay Singh at an undisclosed price, as required by the law. This is a serious SEBI Act violation because prices were not formally and publically declared. As a follow up to this clandestine sale, more than 150 million dollars was transferred to a bank account in the secret banking tax haven Guernsey Island,” said Swamy.
The BJP leader said that now Maran family and Ajay Singh are at loggerheads over the non-payment of promised balance. At present both are engaged in a legal battle in Delhi High Court and Maran family is claiming that just Rs.2 per share was paid and that the agreement should be canceled.
Ajay Singh was the founder of SpiceJet. He was engaged in Telecom and other money minting sectors after leaving his stint as Officer on Special Duty (OSD) of late BJP Minister Pramod Mahajan. SpiceJet was acquired by Marans when UPA Government came to power in 2004. But all of a sudden in mid-2014, Marans covertly transferred the ownership back to Ajay Singh.
Swamy in his letter said that the “mysterious” deal with Maran and Ajay Singh happened during the CBI and ED charge sheeting of Marans in Aircel-Maxis scam. Swamy’s detailed letter to ED Chief is published below: