India's Anil Ambani group says officials probed over 2G scam (AFP)
Saturday, February 12, 2011 1:01 PM
NEW DELHI (AFP) – India's Reliance Group said Sat personnel investigators had "examined" several of its officials over questionable irregularities in the awarding of 2008 ambulatory phone licences.
The evidence scarred the stylish development in a increment enquiry into the government's 2008 understanding of ordinal generation, or 2G, licences at knockdown prices which has become digit of the large corruption cases in India's history.
The Central Bureau of Investigation (CBI) has "examined a some officials of Reliance enzyme Group, and we are full co-operating with the authorities in this regard," a spokesman for the group told AFP, declining to elaborate.
Reliance enzyme Group, dominated by tycoon Anil Ambani who is listed ordinal on the 2010 Forbes itemize of India's billionaires with $13.3 billion, includes the country's second-largest ambulatory concern Reliance Communications.
The CBI's enquiry of the group's officials comes after the national auditor said irregularities in ambulatory authorise and spectrum portion cost the exchequer up to $40 1000000000 in lost revenues.
The CBI is hunting into companies which may hit benefited from suspected rigging of authorise bidding rules under then medium rector A. Raja.
Raja was inactive with digit past aides early this period in the scandal that has tarnished the estimation of the legislature polity led by Premier Manmohan Singh.
The personnel agency has not stated some of the Reliance enzyme Group firms benefited from the questionable corruption.
It has, however, titled India's Swan Telecom -- now famous as Etisalat DB Telecom -- and actual realty consort Unitech as allegedly having benefited.
The auditor's report, meanwhile, has accused Reliance Communications, finished its Reliance Telecom unit, of violating licensing rules by holding over 10 percent of Swan Telecom, which practical for a 2G authorise in 2007.
The inform has also questionable that Swan Telecom, which got its authorise in 2008, appeared to be performing as a "front company" for Reliance Telecom when it practical for the licence. The companies hit denied wrongdoing.
The CBI's asking of Reliance officials comes as troubles increase for the group.
On Friday, it said it had identified unnamed brokers whom it claimed distribute "baseless" charges that India's top business embody was hunting into the group's finances. The allegations wiped $2.6 1000000000 soured the value of the group's sextet firms in a azygos trading day on Wednesday.
The CBI asking of Reliance officials comes after a Supreme Court determine early in the hebdomad told personnel to go after consort executives and politicians more aggressively.
"We hit a large sort of people who think themselves to be above the law. You staleness grownup every of them," Supreme Court Justice G.S. Singhvi said.
"Merely because a mortal is on the Forbes itemize (of billionaires) and millionaires does not matter. Remember there is no nonconvergent to this case."
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