Essar, Loop promoters chargesheeted as accused in 2G case

The accused have been charged with cheating the DoT by using Loop Telecom as a "front" to secure 2G licenses in 2008

PTI | December 13, 2011



Essar group promoters Anshuman and Ravi Ruia were among the five corporate honchos who were Monday made accused by the Central Bureau of Investigation (CBI) in its third charge sheet filed in a Delhi court arising out of investigations in the 2G scam.

The other three named in the chargesheet are Loop Telecom promoters Kiran Khaitan, her husband I P Khaitan and Essar Group director (Strategy and Planning) Vikas Saraf.

Interestingly, the five have been charged with cheating the Department of Telecom (DoT) by using Loop Telecom as a "front" to secure 2G licenses in 2008.

They were slapped with offences only under the Indian Penal Code as the CBI did not find enough evidence to prosecute them under the Prevention of Corruption Act.

The fresh charge sheet, filed before Special CBI Judge O P Saini, added eight new accused, including Loop Telecom Pvt Ltd, Loop Mobile India Ltd and Essar Tele Holding, in the list of existing 17 accused in the case.

The court has now fixed December 17 for taking cognizance of the 105-page-long charge sheet for prosecution on offences of cheating and criminal conspiracy under the IPC.

"The matter requires further consideration. Put up on December 17 for the consideration of the charge sheet," the court said.

Essar Group, in a statement, denied any involvement in the 2G spectrum allocation scam and said it has complied with in totality with all conditions of telecom licences.

It claimed that the CBI has confirmed that Essar was not not involved in the 2G scam.

Comments

 

Other News

Testing the teachers, moving the goalposts

A teacher was appointed in 1999, before the Right to Education (RTE) Act came into force, and appointed under the rules that existed at that time. She gave the necessary test, passed it, passed the interview, and was appointed. Over the next 26 years, she taught thousands of children, faced transfer orde

`Focus on infra, reforms, digital connectivity has created strong foundation for growth`

In a step towards the operationalisation of the Bharat Audyogik Vikas Yojana (BHAVYA), union minister of commerce & industry Piyush Goyal launched the BHAVYA Portal on Monday in New Delhi.   Addressing the gathering, Goyal said that the BHAVYA scheme will adopt a competit

Govt, RBI announce major reforms to attract FPI

The finance ministry on Friday announced a series of measures aimed at enhancing the ease of investment for individual Persons Resident Outside India (PROIs) and Foreign Portfolio Investors (FPIs), and to attract stable long-term foreign capital flows.   Building on the recent in

Lessons in climate adaption from world’s largest inhabited river island

Majuli Island, perched between the Brahmaputra River to the south and east, the Subansiri River to the west, and a branch of the Brahmaputra to the north, has been severely affected by recurrent flooding and intense riverbank erosion. Despite its global importance in acquiring UNESCO tentative status for

Careless whispers and the impossible trinity

Time can never mend, the careless whispers of …    As the RBI marches ahead, for the upcoming monetary policy meeting this June, whispers from the corridors echo around several policy options to defend the rupee – by deploying forex reserves, raising in

Bullet Train Project: Third mountain tunnel breakthrough achieved

A major engineering milestone has been achieved in the Mumbai–Ahmedabad Bullet Train Project with the successful breakthrough of the third mountain tunnel (MT-07) at Ambesari village in Dahanu Taluka of Palghar district, Maharashtra.   With this achievement, three mountain





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter