Chinnakannan Sivasankaran

It appeared to be the coup de grace of a Canadian dirty money probe into real estate: a sprawling island manor off the coast of Vancouver that the government said was linked directly to an alleged criminal conspiracy at a state-run Indian bank.

Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.5 million it paid Chennai-based Siva for a 43 per cent stake in Indian operator S Tel in 2009, plus $10.3 million and a further $30,000 a day.

It appeared to be the coup de grace of a Canadian dirty money probe into real estate: a sprawling island manor off the coast of Vancouver that the government said was linked directly to an alleged criminal conspiracy at a state-run Indian bank.

Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.5 million it paid Chennai-based Siva for a 43 per cent stake in Indian operator S Tel in 2009, plus $10.3 million and a further $30,000 a day.