DB Realty, embroiled in the 2G spectrum allocation case, has moved the Delhi HC for vacation of an Rs 223 crore attachment order of the Enforcement Directorate against it under money laundering laws.
The agency had attached immovable properties and bank accounts of the firm in January this year under the stringent provisions of the Prevention of Money Laundering Act in connection with its probe into the alleged bribe of Rs 200 crores paid to Kalaignar TV.
A Writ Petition has been filed in the Delhi HC by Dynamix Realty. The agency had made the CBI charge sheets in this regard as the basis for their order. “As per the charge sheets of CBI, a bribe of Rs 200 crore was given by Swan Telecom Pvt. Ltd. (now M/s Etisalat DB Telecom Pvt. Ltd.) to Kalaignar TV through a number of intermediary companies in the garb of loan or share application money.
