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2G scam: Corporate leaders appear before special court


April 13, 2011 - New Delhi

Corporate honchos, who have been chargesheeted by the Central Bureau of Investigation (CBI) in connection with the 2G spectrum allocation scam, appeared on Wednesday before a Delhi court.

The corporate leaders, who have not been arrested in the case, were summoned by a Special Court.

They include Vinod Goenka, a Director of Mumbai-based DB Realty, which was also the promoter of Etisalat DB, Sanjay Chandra, Managing Director of Gurgaon-based real estate company Unitech and Unitech Wireless (Tamil Nadu) Pvt Ltd and Gautam Doshi, Hari Nair and Surendra Pipara, Group Managing Director and two Senior Vice Presidents of Mumbai-based Reliance Telecom Company.

Special CBI Judge O P Saini, who has already taken cognizance of the probe report running into 80,000 pages, has started the day-to-day hearing which may include grant of bail to corporate leaders who have not been arrested so far.

Former Telecom Minister A Raja, former Telecom Secretary Siddhartha Behura, Raja's personal secretary R K Chandolia and Swan Telecom Promoter Shahid Usman Balwa are already in judicial custody and have been supplied with the copy of the chargesheet.

All the accused have been booked under sections 120(B) (criminal conspiracy), 468 (Forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record), 420 (cheating and dishonestly inducing delivery of property) and 109 (abetment if the act abetted is committed in consequence, and where no express provision is made for its punishment) of the Indian Penal Code.

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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