Ram Jethmalani appeared for Kanimozhi in the CBI court, Delhi. The whole argument that Jethmalani made was based on the fact that Kanimozhi was not board member and she did not involve in the day today affairs of the kalaignar TV. The argument put forward by them shows how they used the law (company law) as the shield for corruption, The biggest disappointment was Ram Jethmalani’s appearance as he is fight a case on black money on the other side defending the corrupt. on the other hand other corporate accused argued that CBI is acting arbitrarily as they have not arrested Kalaignar tv’s persons. Tomorrow CBI to argue against the Bail plea.
One should understand that Kanimozhi can be assigned the meaning of a "Deemed Director" or be assigned the meaning of "officer in default" as per sec 5(e) of companies act. As per sec 5(e) of companies act "any person in accordance with whose directions or instructions the Board of directors of the company is accustomed to act", means that though she not a director she can be assumed as a director. As per public statement of Mr.Amirtham, director( i think ex-director) kalaginar TV, she (kanimozhi) resigned due non clearance from central government and continued to take part actively in day to day affairs of the TV. Today's argument in the court shows how corporate body could be used for money laundering etc.. companies act, 1956 need to be revisited... may be family owned company should introduced with criminal liability on all member of the company as the family is the owner and should be responsible too in running the business
Our assessment is that sharat kumar & Kanimozhi will be arrested or at least Sharat kumar will be arrested.
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