CBI questions realty firm in 2G case for links with ADAG group | delhi | Hindustan Times
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CBI questions realty firm in 2G case for links with ADAG group

delhi Updated: Mar 03, 2011 00:59 IST
financial dealings

Continuing its probe into the financial dealings of Anil Ambani led ADAG group in connection with the 2G spectrum allocation scam, the CBI on Wednesday questioned a top executive of realty and infrastructure firm for links with the group.

Official sources said that the agency on Wednesday questioned Amit Sarin, Director and CEO of Anant Raj Industries Ltd.

"We had entered into a joint venture with ADAG six years back for two hotels and we were called to CBI to explain our financial dealings with that company," Sarin said after he was questioned by the agency.

He maintained that his company had no role to play in the 2G scam.

Today's questioning comes days after the agency told a court here that Reliance had stakes in Swan Telecom which was one of the companies that had bagged the 2G spectrum license.

The agency has already done a round of questioning with Ambani recently.

Rejecting the bail pleas of Swan Telecom promoter Shahid Usman Balwa and R K Chandolia, former personal secretary of former telecom minister A Raja, Special CBI Judge O P Saini had said "M/s Reliance Telecom Limited of ADAG group of companies had already been granted license in some circles and, as such, M/s Swan Telecom Pvt Ltd, its associate company, was not eligible for license."

The court said Swam Telecom should not have applied for licenses in the first place as it was incorporated by the Reliance group of companies and thus was ineligible.

Meanwhile, the CBI on Wednesday also questioned Sanjeev Agha, CEO of Idea Cellular in connection with the scam.