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Essar group is involved in 2G scam, CBI tells court
This article was posted on Jul 7, 2011 and is filed under Market News
CBI today sais involvement of Essar group in the 2G spectrum scam when it said in the Supreme Court that Loop, which got licence during the tenure of A Raja, was its front company.
The agency also questioned the role of Ministry of Corporate Affairs in giving clean chit to Essar group.
Without naming the corporate house, the agency said that it had promoted the telecom company in order to get licence and 2G spectrum during the tenure of former Telecom Minister A Raja.
Giving details of financial transactions which was routed through Mauritius, Senior Advocate K K Venugopal, appearing for the CBI, submitted that the money trail clearly established the involvement of the corporate house. For more visit: Business-Standard
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