Kaalaadhan: Dr. Subramanian Swamy asks ED to probe. Aircel-Maxis scam and money laundering: Politically Exposed Person, P Chidambaram.

In a stunning submission to the Enforcement Directorate, Dr. Subramanian Swamy has shown the money trail on how the crime of money laundering took place in the Aircel-Maxis ghotala under monitoring by Hon'ble Supreme Court.

This money laundering is to the tune of Rs. 1000 crores and requires investigation by the Financial Sentinels of Bharatam. Time is of the essence in pursuing such kaalaadhan transactions, before the traces vanish. Sure, NaMo has made a solemn promise to the people of Bharatam to ensure restitution of kaalaadhan.

Aircel-Maxis scam probe and money laundering: Politically Exposed Person: P Chidambaram.

This is serious kaalaadhan case monitored by Supreme Court and Swamy's IA No. 36 is pending.
Dr. Subramanian Swamy has brought to the attention of Enforcement Directorate the following serious charges:
1. Malaysian company Maxis paid money to Mr. C. Sivasankaran's company Aircel Televentures, now known as Siva Ventures Limited, US $1.08 billion in March 2006. The value of this deal is more than Rs. 4,750 crore (that time One dollar is equal to more than Rs. 44).
2. This fact emerges from Siva Ventures admission to SEBI and BSE in its information Memorandum/Disclosure Document dated June 9, 2009 (Page 12 and Page 19 of this document).
3.Siva Ventures balance sheets of 2006 to 2006 show an unexplained outgo of Rs. 1300 crore to India as well as abroad firms. The RoC documents of Siva Ventures were not given exact specific details of this huge outgo of money from the company. This itsels is a fit case under Prevention of Money Laundering Act (PMLA).
4. The documents show that after getting money from accused T Ananda Krishnan's company Maxis, Siva Ventures had diverted or invested in Sahara Group's Amby Valley Project and Sahara Media One (both around Rs. 1000 crore), and acquired six percent shares of Tata Group's telecom company TTSL, Finland headquartered WinWind and its Indian subsidiary Winwind Power Energy and Norway headquartered JB Ugland Shipping (including its subsidiary in Singapore) and acquired Barista Cofee from Tata Group. Siva Ventures also acquired 99 years lease of Coetivy Island in Seychelles and floated several companies in Mauritius after he got money from Maxis.
5. Dr. Swamy had produced in Supreme Court documents of questionable financial transaction of Rs. 22,00,044 from the then Finance Minister P Chidambaram's son Karti controlled company Advantage Strategic Consulting Private Limited to Sivasankaran's Aircel TeleventuresLtd. This questionable transaction took place during the files of FIPB clearance of Aircel-Maxis deal were pending with Finance Minister P Chidambaram in early 2006.
6. Mr. Karti Chidambaram also started floating more than 25 companie during this tenure in India and also had opened firms abroad including floating of Singapore based subsidiaries. Dr. Swamy had already produced documents of more than Rs. 10 crore outflows to Singapore based subsidiary of Advantage Strategic Consulting.
7. Siva Venture's declaration to SEBI proves that it sold illegally 100 percent of its telecom companies (Aircel) to Maxis and total money it got was more than Rs. 4750 crore. This admission exposes that around more than Rs. 1000 crore was money laundering and the ongoing probe should focus on this aspect of illegal money outflow including to Mr. Karti Chidambaram controlled companies and its linked companies abroad.

Read on...

S. Kalyanaraman

Embedded are the following 11 documents :

1. Subramanian Swamy's letter to ED dated Feb 13, 2015

2. SEBI/BSE declaration (Prospectus/ Information Memorandum) by Sivasnkaran's company Siva Ventures on June 2009 (formerly Aircel Televentures). Page 12 & 19 reveals that it received 1.08 Billion Dollar from Maxis in March 2006. That time Dollar was more than Rs.44 and total value is more than Rs.4750 crore...clear violation of FIPB order which permitted only upto Rs.3600cr.

3.CAG's letter (draft report) to Finance & Telecom Ministries on Aircel-Maxis scam on Dec 2014. Page 3 chart shows, Rs.4796 crore came from Maxis. It explains the fraudulent shareholding patter. Finance Ministry agreed to CAG's findings.

4. RoC documents - Balance Sheets of Siva Ventures from 2006 to 2009 (4 documents)

5.Huge list of world wide subsidiaries of Siva Ventures during 2008 & 2009...more than 35 companies across the globe. (2 documents)

6.Directorship in Deccan Digital during FIPB clearance. Shardul Suresh Shroff was Director and recently (Dec 2014) P Chidambaram appeared before his Court - newspaper clipping also attached. (2 documents)