#swan telecom

[2gscam]

More skeletons tumble out of leaked 2G call transcripts

New evidence suggests that the CBI’s 2G prosecution case could be even more severely compromised. Detailed call transcripts of a conversation, allegedly between the CBI’s prosecutor A.K. Singh and the key accused, Unitech Managing Director, Sanjay Chandra, reveal that the prosecutor was additionally in discussion with a second key accused Shahid Balwa of Swan Telecom.

Private TV channel CNN-IBN, which had exclusive access to some parts of the conversation, had telecast the contents on February 12.

An analysis of the Call Transcription in the Preliminary Enquiry (PE) no. 1(A) 13/AC-III/ New Delhi now shows that prosecutor Singh, by his own admission, had been in communication with Mr. Balwa either directly or through a third party. Mr. Singh further cited judgments favouring the accused, obliquely suggesting that these should be used by defence counsel to destroy the prosecution’s case.

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[2gscam]

Updates: 2G Spectrum Scam

Some key developments in the 2G Spectrum Scam case: 

1. 2G scam: Essar Power stood as loan guarantor for Loop Telecom, says witness. (The Economic Times)

2. 2G Scam: Swan Telecom was associate company of ADAG, says witness. (The Economic Times)

3. BJP insists on calling PM, FM before JPC on 2G scam. (Business Standard)

4. Meira puts ball back in JPC court on summoning PC. (Hindustan Times)

[2gscam]

2G case trial gets underway

A trial on India’s 2G spectrum scandal case began Friday in a lower court. India’s federal investigation agency, the Central Bureau of Investigation, will present as many as 13 senior Reliance ADAG group officials and 15 bank and other officials as witnesses in the first phase, according to Indian news portal Firstpost.

The court previously ordered the CBI to to give Subramanian Swamy a copy of a file which contains all the correspondence between India’s Home Minister P. Chidambaram and former Telecom Minister A. Raja.

[2gscam]

2G probe: Is CBI shielding Anil Ambani?

CBI, while defending itself against the allegation that it had not been honest in not charging Mr Anil Ambani, had justified its actions through a written submission. As author of the complaint annexed in the PIL before the Supreme Court, the allegation of the CBI being partisan is being leveled for the following reasons:

1. The facts referred to by CBI while concluding that neither Anil Ambani nor Tina Ambani were shareholders or were responsible for providing the funds to Swan Telecom on the day it applied for a license may be technically true because they were careful in complying with the legal requirement as holder of a license in Reliance Communication and therefore deliberately severed their links with Swan Telecom at the time it applied for a license. However, it is also a fact that all the companies – Swan, Tiger, Parrot etc -  were incorporated with ADAG addresses and had ADAG employees as their directors.

What was a giveaway of Swan Telecom being a  Ambani benami outfit was the fact that it did not apply for a pan India GSM license but applied for licenses in only those circles in which Reliance Communication did not have GSM licenses. This fact has been ignored by the CBI in its response to the Supreme Court and should have been sufficient to convince the CBI of a criminal conspiracy. In all, in the thirteen circles that Swan Telecom applied for GSM license, Reliance did not have a license and in the remainder circles it had. This coincidence defies probability and for some reason was not considered a significant factor by the CBI, apart from the fact that almost 90 percent of the investment – Rs 1100 crore – was made by Reliance Communication subsidiary, Reliance Telecom, in Swan Telecom and not by promoter companies of Swan Telecom.

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[2gscam]

One of the companies under the Central Bureau of Investigation scanner, which is probing the alleged 2G spectrum scam, has also figured in an earlier complaint to the Central Vigilance Commission filed in February 2010.