CBI questions Unitech MD in 2G scam case

Tuesday, February 15, 2011

NEW DELHI - The Central Bureau of Investigation (CBI) on Tuesday questioned Unitech MD Sanjay Chandra in connection with the 2G spectrum allocation scam.

According to reports, the investigating agency also questioned the top officials of telecom companies that got 2G licenses.

The investigating agency has quizzed the officials of Tata Realty, Loop and Unitech in the case.

The CBI on Monday extended the custody of former Telecom Minister A Raja for three more days and Swan Telecom promoter Shahid Balwa for four more days.

Both Raja and Balwa were arrested for their alleged involvement in the 2G Spectrum allotment scam.

The two were made to face each other and answer questions relating to the grant of licence and undue favours extended to the company during 2008.

Earlier, the Supreme Court asked the government to constitute a special court to deal exclusively with the 2G spectrum scam.

The CBI told the apex court that it would file the first chargesheet in the 2G scam against A Raja and others under Prevention of Corruption Act (PCA) for cheating and forgery by March 31.

The apex court said it favours a CBI investigation that also covers culpability of beneficiaries of the scam, as they are part of a larger conspiracy.

In its remand application, the CBI said Balwa”s company Swan Telecom (a part of the Mumbai-based DB Realty) allegedly got favours in the spectrum allocation and caused the national exchequer a loss of over Rs.22,000 crore.

It also said Balwa allegedly conspired with private companies to sell to a Gulf firm at a huge profit the 2G spectrum licences Swan Telecom acquired at a cheap rate.

Raja was forced to resign from the Union Cabinet last year after the Comptroller and Auditor General of India (CAG) faulted him for undervaluing spectrum to favour companies who were largely ineligible for 2G spectrum, and added that the government had probably lost Rs.1.76 lakh crore in estimated revenue. (ANI)

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