ddd. It is submitted that with the Trust and the TDP headquarters in the same location, large infusions of foreign funds are being made via the Trust, and then being utilized for the purposes of the party and Sri Naidu, without being accounted for or shown in the books of accounts. This amounts to a violation of both the Foreign Exchange Management Act and the Prevention of Money Laundering Act.
eee. Nearly Rs.2-5 crores is donated to the Trust annually, and this commenced from 2000 onwards. Notable donations in India include Rs.1 crore by the Satyam Group and Rs. 20 lakhs each by Madhucon Sugars and the Hayagreeva Estates Pvt. Ltd., all of whom have been the beneficiaries of Sri Naidu’s decisions while in power. A parallel may be drawn with the CBI investigation in the 2G scam into ‘Chennai Sangamam’, a so-called charitable trust of which Ms.Kanimozhi was a Trustee and who received substantial donations from companies who were beneficiaries of allotment of spectrum. In the same vein, Sri Naidu also ought to be investigated.
fff.In addition, the Trust is in violation of its own Deed by carrying on non-charitable activity carried on at trust land by having a party office there. Clearly, the substantial/ major purpose of the activity carried on there is political. Hence, the very purpose of the trust is defeated, and must be considered by the Government to terminate the lease.
