Can’t trace Unitech money trail, says CBI
The CBI on Monday told a Delhi court that it could not find evidence against Unitech Wireless (Tamil Nadu) Private Ltd to show any money trail as a quid pro quo for grant of 2G spectrum licences. Sumit Saxena reports.delhi Updated: Aug 30, 2011 00:54 IST
The CBI on Monday told a Delhi court that it could not find evidence against Unitech Wireless (Tamil Nadu) Private Ltd to show any money trail as a quid pro quo for grant of 2G spectrum licences.
“We are conscious that as far as Unitech is concerned, we have found nothing to show any money trail against them,” CBI special public prosecutor UU Lalit told special judge OP Saini while concluding his arguments on framing of charges.
He, however, said Unitech got the licences despite being ineligible and later off-loaded its shares to make huge profits.
The CBI has chargesheeted Unitech as the largest beneficiary of the scam. Lalit, however, said the agency couldn’t find any transfer of kickbacks pertaining to licences secured by the company in 22 circles in the country.
Earlier, Unitech MD Sanjay Chandra told the court that the CBI did not have any evidence to show that there was any quid pro quo between him and then minister A Raja and his aides.
Wrapping up his arguments, Lalit asserted it had sufficient prima facie evidence to proceed with the trial against all the accused, including three telecom firms under various provisions of the Indian Penal Code and the Prevention of Corruption Act.
The court reserved its orders and fixed September 15 to decide whether to proceed with framing of charges against 17 accused, including Raja, DMK MP Kanimozhi and three top executives of Reliance Telecom.
Regarding Reliance Telecom Ltd (RTL) and three Reliance ADAG officials, Lalit said, "So far as the three officials are concerned, their objective was to set up an ineligible company (Swan Telecom)."
The CBI has alleged that the Reliance officials "structured" Swan Telecom as a front to circumvent the then dual technology policy of the Department of Telecom, which barred an existing CDMA player from venturing into the GSM sector. However, the policy was later changed. Lalit told the court that Swan Telecom and Unitech got the licences despite their complete ineligibility. He said both companies off-loaded their shares soon after getting the licences and garnered around R7,300 crore in the process.
First Published: Aug 30, 2011 00:51 IST