<p>The Directorate has identified various properties in this regard and formal orders will be issued soon. The properties are in the names of various entities, ED sources said.<br /><br />The properties will be attached under the provisions of the Prevention of Money Laundering Act (PMLA) and will be termed as "proceeds of crime" under the Act, they said.<br /><br />This would be the first attachment order in the 2G case, and the action is expected to be followed by the properties of various telecom firms involved in the case.<br /><br />The CBI charge sheet had alleged that a bribe money of Rs 200 crore had been channelised from Shahid 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 Balwa's Swan Telecom Promoter.<br /><br />The CBI, in its first charge sheet, has alleged that Balwa along with other co-accused in the case entered into a conspiracy for manipulating the procedure for allocation of spectrum with the aim of favouring companies like Swan Telecom and Unitech Group.<br /><br />DMK MP Kanimozhi and Kalaignar TV MD Sharad Kumar are already in Tihar Jail in the 2G case.</p>
<p>The Directorate has identified various properties in this regard and formal orders will be issued soon. The properties are in the names of various entities, ED sources said.<br /><br />The properties will be attached under the provisions of the Prevention of Money Laundering Act (PMLA) and will be termed as "proceeds of crime" under the Act, they said.<br /><br />This would be the first attachment order in the 2G case, and the action is expected to be followed by the properties of various telecom firms involved in the case.<br /><br />The CBI charge sheet had alleged that a bribe money of Rs 200 crore had been channelised from Shahid 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 Balwa's Swan Telecom Promoter.<br /><br />The CBI, in its first charge sheet, has alleged that Balwa along with other co-accused in the case entered into a conspiracy for manipulating the procedure for allocation of spectrum with the aim of favouring companies like Swan Telecom and Unitech Group.<br /><br />DMK MP Kanimozhi and Kalaignar TV MD Sharad Kumar are already in Tihar Jail in the 2G case.</p>