An NGO on Monday moved the Supreme Court demanding a criminal investigation on the report of Serious Fraud Investigation Office (SFIO) that has recommended a probe into the sale of News X channel, Eenadu TV and the alleged cheating committed by Unitech and Tata in obtaining the 2G spectrum licence in 2008.
The NGO, Centre for Public Interest and Litigation (CPIL), in its application said the SFIO’s report also recommended action against top corporates including Mukesh Ambani of Reliance Industries Limited (RIL). The application is likely to be heard on November 13.
SFIO, set up under the ministry of corporate affairs(MCA) to look into fraud committed by companies, became active after the SC constituted a special team to study the 5,800 recorded conversations between corporate lobbyist Niira Radia and others including business tycoons. Based on the special team’s report, the SC had on October 17 ordered a CBI probe into 17 issues.
CPIL claimed the probe was originally initiated by the Registrar of Companies (RoC). An SFIO inquiry was ordered after the RoC gave its report to MCA.
After examining the recorded conversations and documents with the income-tax department, the investigating officer wrote to the director of SFIO on April 23, 2013 and said charges of cheating and criminal conspiracy should be probed in connection with the sale of News X channel, Eenadu TV and against Unitech and Tata for the alleged fraud committed at the time of obtaining 2G licence in 2008.
A probe was also recommended under Companies Act against M/s Neucom Consulting Private Limited, one of the companies that played a vital role in the sale of News X channel, for filing false statement.