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4 pvt firms helped Kalaignar TV repay Swans Rs 200 cr: CBI

NEW DELHI: Probing the trail of Rs 200 crore, which was paid to Kalaignar TV by Swan Telecom in the 2G spectrum scam, the CBI has now reached at the doors of four private companies including UB Group and India Cements. While the names of the other two companies could not be ascertained, CBI officials said the four had facilitated payments to Kalaignar TV to help it repay Rs 200 crore to Swan. We will seek clarification from these four companies to know why they lent money to Kalaignar TV though there is no criminality in giving money to someone, a senior official said. So far, the agency has not questioned any officer or sent a written request to the companies but will soon initiate the process. We will look at the circumstances under which money was given, the officer added. A news agency reported that India Cements vice-chairman and managing director N Srinivasan said he was not aware of the development. The UB Group would like to clarify that the only commercial transaction that it has with Kalaignar TV is a regular advertising contract which is in the ordinary course of business... Any speculation or suggestion of any other financial transaction in the nature of a loan to Kalaignar TV is completely untrue. We would be happy to clarify the same if and when any agency contacts us, the news agency quoted a company spokesperson as saying.

                                                                                                               
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