New Delhi: CBI doubts on industrialists involvement into 2G scam and they investigate with Anil Ambani in telecom scam due to the second-generation involved. Already there are three senior-most employees of Mr. Ambani were in jail. In 2008, to get additional licenses and spectrum for Reliance Telecom they used a front company to circumvent the rules for which they are accused. A service provider could not have more than 10% at another company for operating at same area is the Telecom rule.
Mr. Ambani’s group executives Gautam Doshi(Group MD of ADAG), Surendar Pipara and Hari Nair were arrested. Report says that Swan Telecom was set up with Reliance funding later sold their company’s stake, former Telecom Minister A Raja did not notice this when licensing the Swan. As executives have retracted earlier statements may turn approver in the case says CBI
Delphi Investment bought the Reliance’s 9.9% stake from Swan for 1.07 crores, As Delphi was a front to Reliance CBI outlined it as the throwaway price. Shahid Balwa and Vinod Goenka, Swan promoters are arrested and charged with conspiracy. Mr. Raja got 214 crores from them to link various companies have now been accused for it. In February A. Raja was arrested.
“The CBI did not Charge-Sheeted the 3 Reliance executives till date and expressed any desire to become approvers. Media reporting of 2G issues is a very serious matter and will be acted upon. On January 2008, it has been reiterated that neither Reliance Telecom nor the promoters are beneficiaries of any telecom licenses issued”
