In a tweet on Sunday, senior advocate and activist Prashant Bhushan said that “corrupt cronies like Ambani/Adani are untouched, BJP was forewarned and small people are queuing up for days to get money for food. And PM mocks them as fools.” He also shared some complaints filed against businessmen Mukesh Ambani and Anil Ambani in connection with money laundering. “No action on cronies. But new Jumla,” he added
Shri M L Meena
SIT on Black Money
Room No. 46, Dept of Revenue
Ministry of Finance, New Delhi
I am writing this complaint to the SIT on black money constituted pursuant to the orders of the Hon’ble Supreme Court of India. This complaint is regarding the huge money laundering involving the Anil Ambani Group of Companies that the SIT ought to investigate and prosecute.
We all know that the CBI has filed chargsheet in the 2G spectrum scam case against Anil Ambani controlled Reliance companies and three senior Reliance executives for creating a benami company called Swan Telecom through a maze of companies. CBI has stated that Reliance created Swan by transferring money for the purchase of its equity shares and about 1000 crore worth of preference shares. Reliance was ineligible for applying for obtaining 2G spectrum, so it created its front company of Swan.
According to the CBI chargesheet, this Swan Telecom was later transferred to Shahid Balwa and Vinod Goenka in 2007, and was awarded telecom license and 2G spectrum in January 2008. Both Balwa and Goenka then transferred Rs 200 crores from their company DB Reality to the family of DMK President and their Kalignar tv channel. A few relevant pages of the CBI chargesheet are annexed as Annexure A. The SIT can obtain the full copy of the chargesheet from CBI/ED to get the complete picture.
The CBI has not chargesheeted Anil Ambani (only chargesheeted 3 Reliance officers), despite the fact that Anil Ambani was the CMD and in the know of the transfer of about Rs 1000 crore to Swan. Relevant pages of the Reliance Communications Annual Report of 2006-07 which is at the end signed by Anil Ambani are annexed as Annexure B. Two related news reports are annexed as Annexure C.
Pursuant to the CBI chargesheet, the ED has registered a case under the Prevention of Money Laundering Act 2002 against the entities mentioned in the chargesheet. We all know that as consideration of the transfer of Swan Telecom to Balwa and Goenka, they could not have directly transferred the money to Anil Amabni companies since that would have exposed the fact that Swan Telecom was owned by Reliance. Hence a circuitous route had to be followed.
ED has been sitting on the information that M/s AAA & Sons Enterprises (an Anil Ambani company) received a huge sum of US $750 million from a company EMITS Singapore in December 2007, which was later transferred to other Anil Ambani owned Reliance group companies. ED has also found that the entire amount transferred by EMITS Singapore was not used for any project by the AAA & Sons but only transferred to other group companies. Letter written by the ED to RBI dated 15.02.2013 (which was written pursuant to a letter from RBI to ED dated 27.07.2012) is annexed as Annexure D and the response of the RBI to ED dated 15.04.2013 is annexed asAnnexure E.
These pay offs happened during December 2007, the period when 2G scan was under way and Swan Telecom had been transferred to Balwa and Goenka by Reliance. Despite the above fact and despite the fact that ED has registered a regular case under PMLA pursuant to the CBI chargesheets of April 2011, the ED has not bothered to investigate the above transaction as being a case of money laundering and as being related to 2G scam.
All that the ED has done is to issue a show-cause notice to the Reliance company and its Reliance executive Hasit Shukla (a key Anil Ambani man and a witness in 2G case) for technical violations under the Foreign Exchange Management Act 1999. A copy of the said notice issued on 11.09.2013 is annexed as Annexure F.
This is a clear case of money laundering and black money transactions. The accounts of all Anil Ambani group pf companies during the relevant period ought to be investigated, and these amounts ought to be attached. I request the SIT to investigate this case thoroughly.
- Justice M. B. Shah
- Justice Arijit Pasayat
Vice Chairperson, SIT