CBI following 2G money trail

Requests tax havens for information on beneficiaries

GN Bureau | November 20, 2010



The Central Bureau of Investigation (CBI) is tightening the noose on former telecom minister A Raja. It is sending the Letter Rogatory (formal letter of request from a court to a foreign country for judicial assistance) to Mauritius, the UAE and Cyprus to ascertain if Raja was the last beneficiary of the foreign money pumped into the 2G spectrum allocation from these tax havens.

The agency had registered a regular case last year to probe the alleged criminal conspiracy between the Department of Telecom (DoT) officials and the companies allegedly favoured by them in the 2G spectrum allocation in January 2008.

Letter Rogatory follows the agency tracing the foreign money received by the dubious telecom firms that bagged the licences. It is now trying to establish the real source of such investments and the actual beneficiaries to unravel the corruption angle.


The investigations have already established that large sums of money from the three countries were routed by some Chennai-based companies into the 2G spectrum applicants. The Chennai-based companies started investing money into these firms soon after they bagged the licences. The CBI is now trying to ascertain if this money or part of it was meant for the bribe.

Comments

 

Other News

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

The Sardar biography that throws light on our times

Patel: A Life By Rajmohan Gandhi Aleph Books, 568 pages, Rs 1,199   There are many biographi

Climate change, El Niño rewrite Indian monsoon

The month of July exceeded its rainfall target despite forecasts of a below-normal month under a strengthening El Niño. The reason could be that climate change is amplifying monsoon complexity: West Pacific warming, Western Disturbances and evolving ocean conditions increasingly interact with El Ni&

Mumbai has just 1.28 sq.m. of open space per person: Study

Mumbai`s public space crisis is as much about mismanagement as it is about scarcity, and offers a governance roadmap that can be implemented without new legislation, according to a new report by the Urban Design Research Institute (UDRI) and the NGO Alliance for Governance and Renewal (NAGAR).  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter