Witness Claims Prior Knowledge of 2G Letters of Intent
A prosecution witness in the 2G spectrum allocation case today told a Delhi court that he was aware “beforehand” that Department of Telecom (DoT) would issue its letters of intent (LoIs) to eligible firms for Unified Access Service Licences (UASL) on January 10, 2008.
Arun Kumar Dalmia, a businessman who was earlier working as an advisor with Allianz Infratech (P) Ltd, which had applied in September 2007 for the UAS licences in 22 telecom circles, said he used to meet some DoT officials for processing of his firm’s application and from them he came to know that LoIs would be issued on January 10, 2008.
“I used to meet some officers of DoT in connection with applications of our company from whom I came to know about the issuance of LoIs on January 10, 2008, either on January 7 or 8, 2008,” he told Special CBI Judge O P Saini.… Continue reading
Loop, Essar promoters move bail pleas in 2G case
New Delhi, March 31 (IANS) Some top corporate honchos from Loop Telecom and Essar Group appeared before the special court of the Central Bureau of Investigation (CBI) on the 2G spectrum allocation case here Saturday and moved their respective bail pleas.
Special CBI Judge O.P. Saini put up the arguments on bail for April 21 after the counsel for the premier investigative agency told the court that they will file reply on their bail application.
Essar Group promoters Ravi Ruia and Anshuman Ruia, and Loop Telecom promoters I.P. Khaitan and Kiran Khaitan were earlier exempted from personal appearance before the court three times – Jan 27, Feb 22 and March 17.
The court on the last hearing while granting exemption to all four accused had directed them to appear in person March 31 saying it would be in their interest.
The third set of charges filed by the CBI in… Continue reading
Nira Radia and Ratan Tata
nira radia
2G: Companies knew date of LOIs issuance beforehand, claims witness
New Delhi : A prosecution witness in 2G spectrum allocation scam Friday told the special Central Bureau of Investigation (CBI) court that various telecom companies knew the date of issuance of letter of intents (LOI) by the telecom ministry beforehand.
Testifying as a CBI witness, Arun Kumar Dalmia, who worked as advisor for Allianz Infratech (P) Limited, told special CBI judge O.P. Saini that he had come to know about the issuance of LOI few days earlier.
“Other companies had also come to know beforehand that LOIs would be issued on Jan 10, 2008,” he said.
When he used to visit the department of telecommunications (DoT) office, officials of Datacom and Idea cellular were also coming to inquire about date of issuing of LOIs, he added.
Dalmia’s statement came while being cross examined by counsel Vijay Aggarwal, appearing for R.K. Chandolia, a former aide of ex-telecom minister A. Raja.
The… Continue reading
CBI’s clean chit to Nira Radia
nira radia
2G case:Promoters of Essar & Loop appears in court, seeks bail
New Delhi, Mar 31 (PTI) Three months after summonses were issued against them in a case flowing out of the 2G spectrum allocation scam, promoters of Essar Group and Loop Telecom today appeared before a Delhi court for the first time and moved their bail applications. Essar group promoters Ravi Ruia and Anshuman Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan appeared before Special CBI Judge O P Saini, who fixed April 21 to hear their bail pleas. “Put up for reply and arguments (on the bail pleas), if any, on April 21,” the judge said after the CBI prosecutor pleaded for some time to file reply on their applications. Vikas Saraf, Essar Group director (Strategy and Planning), who is also named as an accused in the CBI’s third charge sheet filed on December 12 last year, had appeared before the court on February 22 and his… Continue reading
2G scam: Essar’s Ravi Ruia, three others appear before court
NEW DELHI: Corporate honcho Ravi Ruia of the Essar group and three others on Saturday appeared before a special Central Bureau of Investigation (CBI) court hearing of the 2G spectrum allocation case, after skipping court many times and moved their bail application.
Special CBI Judge OP Saini put up the arguments on bail for April 21 after CBI told the court that it will file reply on their bail application.
Essar Group promoters Ravi Ruia, Anshuman Ruia, and Loop Telecom promoters IP Khaitan and Kiran Khaitan were earlier exempted from personal appearance before the court three times – Jan 27, Feb 22 and March 17.
The court on the last hearing while granting exemption to all four accused had directed them to appear in person on March 31 saying it would be in their interest to appear in the court.
The third set of charges filed by the CBI in… Continue reading
2G case: Essar, Loop promoters seek bail
Three months after summons were issued against them in a case flowing out of the 2G spectrum allocation scam, promoters of Essar Group and Loop Telecom on Saturday appeared before a Delhi court for the first time and moved their bail applications.
Essar group promoters Ravi Ruia and Anshuman Ruia and Loop Telecom promoters I.P. Khaitan and Kiran Khaitan appeared before Special CBI Judge O.P. Saini, who fixed April 21 to hear their bail pleas.
“Put up for reply and arguments (on the bail pleas), if any, on April 21,” the judge said after the CBI prosecutor pleaded for some time to file reply on their applications.
Vikas Saraf, Essar Group director (Strategy and Planning), who is also named as an accused in the CBI’s third charge sheet filed on December 12 last year, had appeared before the court on February 22 and his bail application will also be heard… Continue reading
Executives accused in 2G spectrum scam appear in Delhi court
New Delhi, Mar 31 (ANI): Promoters of Essar Group Ravi Ruia and Anshuman Ruia and I.P. Khaitan and Kiran Khaitan of the Loop Group, who are accused in the 2G spectrum scam case, appeared before a Delhi court on Saturday.
Counsel for the Essar Group Mukul Rohtagi told reporters that the accused had appeared in court and had filed their bail applications.
“All the accused appeared in court today. The four other accused who are Ravi Ruia, Anshuman Ruia, Mr.Khaitan and Mrs. Khaitan. All of them appeared in court today. We have filed their bail applications. The court has ordered CBI to file their reply if any. The matter will be heard on the April 21 so far as the bails are concerned and of framing of charges. Bail and framing of charges both will be argued on the 21st,” said Rohtagi.
Rohtagi later added that this case was not… Continue reading
Bank exposure to 2G telecom companies at Rs 28,000cr
TNN | Mar 31, 2012, 01.21AM IST
NEW DELHI: Indian banks have an exposure of around Rs 28,000 crore to telecom companies for funding their licence fee, infrastructure and roll out of 2G services, finance minister Pranab Mukherjee told Parliament on Friday.
A bulk of the exposure is of the public sector entities which have together lent close to Rs 19,000 crore to telecom companies. While the total exposure also includes loans to companies whose licences were cancelled by the Supreme Court for their involvement in the 2G scam, Mukherjee said that most the loan accounts were regular as of February 1, 2012 and “by and large secured in the form of various tangible and other securities”.
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