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    2G scam: Shahid Balwa's brother Asif arrested

    New Delhi: Two more people have been arrested by the Central Bureau of Investigation (CBI) in connection with the 2G spectrum scam case. Asif Balwa, the brother of DB Realty's promoter Shahid Usman Balwa, and Rajiv Agarwal have been arrested in connection with the money trail in the 2G scam in Mumbai.Asif and Rajiv are associated with Kusegaon Fruits and Vegetables Pvt Ltd, which reportedly loaned Cineyug a sum of Rs 212 crore. But it was not a straightforward loan and passed through a maze of transactions.The CBI has also sought time till April 2 to file the chargesheet in the 2G scam case.Meanwhile, the Enforcement Directorate submitted its status report on the 2G sscam case before the Supreme Court saying that they have interrogated many people including Ahmad Shakeel, Mahesh Jain and A Ramachandran (former telecom minister A Raja’s brother). The ED also said that summons have been issued to some other people in the case.The ED also told the court that telecom companies which were granted 2G licences entered into benami transactions while bringing in foreign money. The ED said Telestat had received Rs 106.95 crores as FDI and one share was allotted against this sum. The directorate added that another company, Unitech, has control of over 353 sister firms of which 32 are based in india and that these need to be investigated.Documents with CNN-IBN show that money was loaned by DB Realty group to DMK's Kalaignar TV. DB Realty was owned by Shahid Balwa who has a stake in Swan Telecom which is one of the companies named in the 2G scam.CNN-IBN has accessed the balance sheets of three companies to establish that loans were made to Kalaignar TV. Karunanidhi's wife MK Dayalu owns 60 per cent and daughter Kanimozhi owns another 20 percent in the DMK TV channel.Rs 214.84 crore is reflected in Kalaignar TV's balance sheet as an unsecured loan. It comes from Cineyug Media and Entertainment Pvt Ltd and the exact amount is Rs 214.8654 crore. It is given to Kalaignar TV as an unsecured loan in the company's balance sheet for the year 2009-2010.Cineyug is owned by the Balwas and the Morani Brothers. The question here is where does Cineyug get this loan from and as per the Cineyug balance sheet 212 crore is loaned by Kusegaon Fruit and Vegetables Pvt Ltd.Kusegaon itself shows an unsecured loan in its balance sheet of Rs 209 crore.