Fwd: Info received on NDTV - GE coverup

---------- Forwarded message ----------
From: "Seema Sapra" <seema.sapra@googlemail.com>
Date: Dec 19, 2021 5:20 PM
Subject: Info received on NDTV - GE coverup
To: <jtcp-splcell-dl@nic.in>, <dcbi@cbi.gov.in>, "Scba India" <scbaec@gmail.com>, <sho-hauzkhas-dl@nic.in>, <sho-daryaganj-dl@nic.in>, <dcp-east-dl@nic.in>, <sho-vksouth-dl@nic.in>, <dcp-north-dl@nic.in>, <fmo@nic.in>, <dcp-south-dl@nic.in>, <jtcp-phq1-dl@nic.in>, <jtcp-swr-dl@nic.in>, <splcp-trg-dl@nic.in>, <dcp-northeast-dl@nic.in>, <jtcp-ser-dl@nic.in>, <dcp.nd@delhipolice.gov.in>, "Seema Sapra" <seema.sapra@gmail.com>, <splcp-antiriotcell-dl@nic.in>, <sci@nic.in>, "REGISTRAR GENERAL Delhi High Court" <rg.dhc@nic.in>, <splcp-armed-dl@nic.in>, <sho-cp-dl@nic.in>, <help@sec.gov>, <sho-tilakmarg-dl@nic.in>, <sho-saket-dl@nic.in>, <sho-defenceclny-dl@nic.in>, <sho-tuglakrd-dl@nic.in>, <caaa1973@mailfence.com>, <addl-dcp1-nd-dl@delhipolice.gov.in>, <sho-vasantvhr-dl@nic.in>, <hm@nic.in>, <lggc.delhi@nic.in>, <splcp-pl-dl@nic.in>, <addl-dcp2-nd-dl@nic.in>, <dcp-cybercell-crime-dl@delhipolice.gov.in>, <dcp-eow-dl@nic.in>, <supremecourt@nic.in>, <sho-amarclny-dl@nic.in>, <fcpa.fraud@usdoj.gov>, <dcp-splcell-dl@nic.in>
Cc:

See

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---------- Forwarded message ----------
From: "Seema Sapra" <seema.sapra@googlemail.com>
Date: Dec 19, 2021 5:15 PM
Subject: Re: GE-NDTV cleanup
To: "CA AA" <caaa1973@mailfence.com>
Cc: "Seema Sapra" <seema.sapra@gmail.com>

Thank you

 Will post this publicly but for safety reasons I will not engage with an anonymous email id.  

On Dec 19, 2021 4:51 PM, "CA AA" <caaa1973@mailfence.com> wrote:

After the fiasco done by PwC and Mr. Vivek Mehra in handling the NDTV matter, Mr. Pronoy Roy approached Mr. Mukesh Butani to help him manage the situation. Mr. Butani is one of the leading tax experts in India. He is the founder of BMR Advisors and BMR Legal, and is a CA and lawyer. He has always been very close to the finance ministers P. Chidambaram and Arun Jaitley. So much so that Chidambaram and Jaitley have regularly consulted with him on various policies when they were FMs and he has been able to influence the country's tax policy. Chidambaram and Jaitley have also extended many personal favours to him and many tax officers and in agencies like DRI, SFIO and ED also know how influential he is. Another reason for Mr. Roy to approach Mr. Butani was that he had also helped Raghav Bahl of TV18 create a complex structure to evade tax and mover illicit funds.

Pronoy Roy first approached Mr. Butani around 2012 for setting his house in order qua the GE's investment in NDTV, and this became a very intense engagement in 2014 when Mr. Roy feared that things could get nasty for him after the change of the government. This was a super confidential project at BMR and not many employees were involved. Mr. Roy specifically asked Mr. Butani to mostly use female associates for this project as possibly he believes that women can get a lot done in the tax office, and also because it was their strategy to implicate the tax officer Mr. S.N. Srivastava in sexual harassment cases, if the need ever arose. Mr. Butani deputed one of her firm's young partner Ms. Parul Jain for this project. Another reason for this was that Ms. Jain was a very close and long time friend of Ms. Charu Katyal who then was heading the Anti Money Laundering (AML) team at Deloitte Dubai, and who was the GE point of contact in this exercise. 

There was a massive cleanup exercise done in 2015 which included liasoning with some tax officers. This whole exercise was a very big project and Mr. Butani deployed many sophisticated tricks including creative and sham cross border transactions in tax havens. This was done to hide/legitimize the GE-NDTV transactions done earlier.

If the investigators do an honest investigation then the paper trail will reveal that an attempt has been made to cover up. But most investigation agencies are always reluctant to rub Mr. Butani the wrong way.

I came to know of this from Ms. Jain when she joined Deloitte after the BMR acquisition. However to the best of my knowledge this project did not come to Deloitte as part of the acquisition, perhaps because Mr. Butani did not join Deloitte. I am listing the contacts of people involved in this project but it is very unlikely anyone will open their mouths:

Mukesh Butani mukesh.butani@bmrlegal.in
Parul Jain parsee@gmail.com +91-9910039930
Charu Katyal katyalcharu@gmail.com +971-505530169

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On Dec 19, 2021 4:47 PM, "Seema Sapra" <seema.sapra@googlemail.com> wrote:

Please see below again a contact from an anonymous account

This soon after (last week) when I told a lawyer Peeyoush Kalra about the connected Nishith Desai case in the High Court and this blog

 

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---------- Forwarded message ----------
From: "Seema Sapra" <seema.sapra@googlemail.com>
Date: Dec 19, 2021 16:42
Subject: Re: Hello from Deloitte Whistleblower
To: <caaa1973@mailfence.com>
Cc: "Seema Sapra" <seema.sapra@gmail.com>

I will not be able to engage with an anonymous email on account of the ongoing threat to my life

 

Do not contact me again.  

Seema Sapra 

On Dec 19, 2021 16:15, "CA AA" <caaa1973@mailfence.com> wrote:

Hello Seema Ji,

I used to be a partner at Deloitte India in its Tax practice. In mid 2019 I blew whistle on some shady activities by some of the partners at Deloitte which also included conflict of interest qua IL&FS. Just like every other whistleblower I was hounded and finally quit mid last year. I have penned my story at:

https://caaa1973.medium.com

Please read it, esp the pinned story. You will likely relate to the fate of my source - against whom all the evil forces including the corrupt judges of the Delhi High Court shamelessly ganged up and allowed their criminal buddies to raid his house.

I hope your fight continues with full force and may you achieve success soon. It is quite commendable how you have single handedly taken on the entire system, and have not shied away from calling spade a spade. I am not half as brave as you are. While Deloitte is well aware of my identity, I was made to sign on an exit agreement which prohibits me from publishing anything 'defamatory' against Deloitte. That is the only reason I am not writing from my regular email address.

There is another reason why I am approaching you. There is a connection of my story with the GE-NDTV scam which you have raised as well. I shall write separately with some information that may turn out to be useful in your fight.

All the best,

AA

FCA

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