Firm’s Cyprus link under CBI scanner | india | Hindustan Times
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Firm’s Cyprus link under CBI scanner

The CBI has put under its scanner the alleged financial linkages between Cyprus’s 22 private firms and an Indian telecom licencee that was allegedly a beneficiary of the irregular allocations of spectrum and telecom licences in 2007-8 by the Department of Telecommunications.

india Updated: Apr 14, 2011 23:52 IST

The CBI has put under its scanner the alleged financial linkages between Cyprus’s 22 private firms and an Indian telecom licencee that was allegedly a beneficiary of the irregular allocations of spectrum and telecom licences in 2007-8 by the Department of Telecommunications.

“Our probe has shown that a beneficiary of the 2G scam had close links, including financial, with 22 private companies of Cyprus. These linkages could be part of the scam’s money trail,” said a CBI source who requested anonymity.