2G case: Vodafone seeks more time to reply to ED notice
Telecom giant Vodafone today sought more time to reply to the summons issued by Enforcement Directorate against the firm in connection with alleged irregularities in the grant of additional 2G spectrum during 2001-03.india Updated: Apr 17, 2012 20:51 IST
Telecom giant Vodafone today sought more time to reply to the summons issued by Enforcement Directorate against the firm in connection with alleged irregularities in the grant of additional 2G spectrum during 2001-03.
Authorised representatives of the telecom company today met ED authorities here and sought additional time to submit the information called by the agency like shareholding pattern of the company since 2003, names and addresses of directors and foreign direct investment received by it during the said period.
The agency, according to sources, allowed the adjournment of summons and will now grant a ten-day time to the company to submit these documents, which it had summoned under the provisions of the Prevention of Money Laundering Act (PMLA).
The Directorate had earlier summoned the representatives of Vodafone and Bharti Airtel in connection with its probe in the grant of additional 2G spectrum during the NDA regime (2001-03).
Apart from these telecom firms, the agency has named former telecom secretary Shyamal Ghosh, then deputy director general J R Gupta in its FIR for alleged irregularities in the grant of additional second generation spectrum during this period.
The CBI is also probing the 2G spectrum allocation during the NDA regime when late Pramod Mahajan was telecom minister.
In its FIR, the CBI had alleged there was a loss of Rs 508 crore to the state exchequer during 2001-07.
ED is probing the financial dealings in this case for alleged violation of anti-money laundering laws in the spectrum allocation and subsequent generation of illegal wealth.