No role in case, I am "common" shareholder in Kalaignar TV, says Kanimozhi

NEW DELHI: DMK MP Kanimozhi told a Delhi court that she was a common shareholder in Kalaignar TV and ignorant about the channel's decision to take a "loan" of Rs 200 crore from Cineyug Films.

"She did not even know that her company was taking Rs 200 crore loan at 10 per cent interest rate. See her as a common shareholder who attends just an Annual General Meeting once in a year.

"Holding shares does not mean participating in the day-to-day affairs of the company," senior advocate Sushil Kumar, appearing for Kanimozhi, told Special CBI Judge O P Saini.

Kanimozhi and co-accused Sharad Kumar, Managing Director and CEO of the DMK-run channel, hold 20 per cent stakes each in Kalaignar TV and rest 60 per cent stakes are being held by Dayalu Ammal, wife of party supremo M Karunanidhi, CBI said in its charge sheet.

Seeking discharge from the case, the 43-year-old Rajya Sabha member said she had nothing to do with the "day-to-day" affairs of the channel and had served as a director for only two weeks.

"She had attended just three meetings as a director of the board of KTV--that is on June 6, 12, 20 in 2007. She was director for just 14 days.

"The chairman of the board informed that Kanimozhi, being pre-occupied, does not wish to continue in office and attended only three board meetings as a director," the defence lawyer said.