Tehelka’s Ashish Khetan lays out the complex maze of companies, supported with intricate shareholding patterns, created to share the loot in the 2G scam. The report reads just like a puzzle book:
“The CBI believes that the conspiracy behind the Swan Telecom was hatched in early 2006 when ADAG created a web of newly formed companies named after animals.…Of these six companies, Parrot, Zebra and Tiger had inter-collapsible shareholding. That is, Parrot and Tiger owned Zebra, Zebra and Tiger owned Parrot, and Parrot and Zebra owned Tiger.
The shareholding pattern of Swan Capital Pvt Ltd, which was owned by ADAG companies till January 2007, was suddenly changed on 20 January 2007, with Tiger Traders taking over all of Swan Capital’s 10,000 shares.”
Looks like the conspirators were being too modest while naming the companies: shouldn’t the appropriate names have been: Vampire Bat, Dung-Fly, Boa Constrictor and Blood-Seeking Leeches?
PS: The report also mentions that ‘a stalwart in Maharashtra politics who is often touted as a prime ministerial candidate by his supporters have also made stupendous illegal gains from Swan Telecom’. I wonder who this politician could be, because there’s no one from the current crop of Maharashtra politician who can claim to be a stalwart, let alone be touted as a PM candidate – there are all pygmies out there.
Or could it be India’s alleged ‘biggest venture capitalist?’
No comments:
Post a Comment