Mumbai:
After its promoter Shahid Balwa was arrested in connection with the 2G spectrum scam, another scandal has hit telecom and real estate company DB Realty. According to documents available with an RTI activist, Dynamix, a subsidiary of DB Realty paid Rs 4 crore to Mumbai Regional Congress Committee chief Kripashankar Singh's son, Narendramohan Singh.
The money was paid to Narendramohan and his wife Ankita in 2008 and 2009 through the Samata Sahakari Bank. The company paid these in three installments in 2009.
The petitioner, who procured the documents had submitted them as part of a PIL filed earlier this year which accuses Singh of having disproportionate assets.
"I did not link it to the 2G scam. I want a proper enquiry to be done. Where has this money come from? The facts must come out," said Sanjay Tiwari, Petitioner.
Kripashankar Singh and his son refused to speak on camera but accepted that they did receive the money. They say these were pure business transactions and the money was duly returned.
In his statement Narendramohan singh says: "All money received is reflected in the books of accounts and I-T returns. Attempts to exploit this pure business transaction for making malicious allegations and connecting with 2G scam will be dealt with due legal action."
Dynamix realty too says the money given was a loan which was later returned. "Dynamix Realty had given a loan to Mr. Narendra Mohan Singh which has been repaid to the company on 12th March 2010."
The Bombay High Court had asked for the Enforcement Directorate, the Income Tax department and Anti-Corruption Bureau to conduct an inquiry against Kripashankar Singh and submit a report on Singh's assets by March 31. Now the question is how the probe agencies will view the Dynamix money trail.