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Friday, June 24, 2011

2G Spectrum Scam Cover-up: Payment to Kalaignar TV was for advertisements: India Cements!

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Chennai, June 24 (IANS) / Deccan Herald.

City-based cement major India Cements Ltd Friday denied any role in the 2G scam by saying that the payments it made to Kalaignar TV were for advertisements.

In a statement issued here, the company said: "The company wishes to clarify that it (payments) relates to commercial advertisement contracts for its products and cricket franchise Chennai Super Kings, made in the normal course of business."

The statement was issued in the wake of news reports that the Central Bureau of Investigation (CBI) was looking into payments made by India Cements to Kalaignar TV and whether it was to enable the latter to pay its 'loan' to the DB Group of companies.
Kalaignar TV, running a bouquet of Tamil channels, is majority-owned by family members of DMK chief and former Tamil Nadu chief minister M. Karunanidhi.

Sixty percent of Kalaignar TV is owned by Karunanidhi's second wife Dayalu Ammal, 20 percent by his daughter Kanimozhi and the balance by the company's managing director Sharad Kumar.

Can India Cements prove that they really have released such advertisements in Kalaighnar TV, as per the tariff of the Channel, along with Original Invoices and 'approved ad release materials'?

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