NEW DELHI: To investigate the "money trail" to former telecom minister Dayanidhi Maran, the CBI is conducting a 'forensic audit' of the Aircel-Maxis deal through a private company. The department of personnel and training (DoPT) had on Wednesday approved hiring the private company for the forensic audit. However, the firm's name has been kept under wraps.
The agency took this step since Malaysia did not give substantial evidence of the money trail. Agency officials said they had gathered enough evidence from India to prove that the Aircel-Maxis deal was done hurriedly but they still have to trace the money link.
Forensic audit is an examination and evaluation of a firm's or individual's financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims. In addition, an audit may be conducted to determine negligence or even to determine how much spousal or child support an individual will have to pay.
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CBI officials said experts from the private company would examine documents and other evidence collected so far and give an opinion on the money trail. The agency has been asked by the Supreme Court to file its report by October in the case.
An officer said, "We hope to reach a conclusion by October."
The CBI has claimed that it has enough evidence to go ahead with a chargesheet but money trail is an important aspect. CBI investigations have so far indicated that Maxis's investments in India breached the permissible limit of foreign direct investments in telecom.
In October 2011, CBI had registered a case against Dayanidhi Maran, his brother and DMK MP Kalanithi Maran along with Malaysian business tycoon and Maxis owner T Ananda Krishnan and director Ralph Marshall. CBI had also named Sun Direct, Astro All Asia Networks and Maxis, along with some unknown officials, as co-accused.
Source - Times of India.
In an environment of much allegation of fraud in the way the affairs of the 10th Parlaiment and its associated Government of Guyana was run, it is imperative that the record be examined to put these allegations to rest.
The people who continue to receive 5 percent wage increases from the Ministry of Finance are owed an investigation that goes to the root of where all these billion were spend and what we got in return for it.
In the Ministry of education between 2005-2014 - some $260 billion was spent by the Jagdeo Ramotar regime?
What are the returns - a functionally illiterate sopiety where students are failing to secure Grade One and Twos at the CSEC exams at an increasing rate?
Was this money spent on the honestly?
How come the former Minister of Education could have built a $200 million house when she was not a Minister for more than a decade?
Hmmmm! This is what the forensic auditors will be stitching together. The inconsistencies.