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The Enforcement Directorate (ED) on Tuesday ordered attachment of immovable properties of five companies in connection with 2G spectrum allocation scam.
The five companies are Dynamix Realty, Conwood Constructions, Eversmile Constructions, Nihar Constructions and DB Realty.
These companies will also not be able to operate their bank accounts as the ED has ordered freezing these accounts.
According to ED officials, the immovable property will be attached under the Prevention of Money Laundering Act (PMLA) and will be termed as “proceeds of crime” under the Act.
This is the first attachment order in 2G case.
The CBI chargesheet has alleged a bribe money of Rs 200 crore had been channelised from Mr Shahid Usman Balwa's DB Realty to DMK-run Kalaignar TV through a “circuitous route” via Cineyug Films and Kusegaon Fruits and Vegetables Pvt Ltd for grant of licence to Mr Balwa's Swan Telecom.
The investigating agency, in its first chargesheet, has alleged Mr Balwa, along with other co-accused in the case, had entered into a conspiracy for manipulating the procedure for allocation of spectrum with the aim of favouring companies like Swan Telecom and Unitech Group.
DMK MP Ms Kanimozhi and Kalaignar TV Managing Director, Mr Sharad Kumar, are already in Tihar Jail in the 2G case.
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