Reliance ADAG and its officials chargesheeted in 2G scam

In a blow to corporate house Reliance Anil Dhirubhai Ambani Group (ADAG), CBI on Saturday chargesheeted one of its firms and its three top officials for their complicity in 2G spectrum allocation scam case.

In a blow to corporate house Reliance Anil Dhirubhai Ambani Group (ADAG), CBI on Saturday chargesheeted one of its firms and its three top officials for their complicity in 2G spectrum allocation scam case.

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In the chargesheet filed in the special court, the agency said the Reliance Telecom Ltd (RTL) used Swan Telecom, an ineligible firm, as its front company to get licenses and the costly radio waves.

"Swan, at the time of application, was an associate of RTL. Investigations have also disclosed that Tiger Trader Pvt Ltd, which held maturity stake in Swan telecom Pvt Ltd, was also an associate company of Reliance ADA Group. Both the compnaies had no business history and were activated solely for the purpose of applying for UAS licences in 13 telecom circles," the first chargesheet in the case said.

Group MD of RADAG Gautam Doshi, group President Surender Pipara and senior vice president Hari Nair, along with the company, have been chargesheeted for entering into a criminal conspiracy to cheat the government by getting licenses in an illegal manner.

"Investigation has revealed that in Jan-Feb 2007 accused Gautam Doshi, Surender Pipara and Hari Nair in furtherance of their common intention to cheat the DoT, structured/created net worth of company Swan Telecom Pvt ltd, out of funds arranged from Reliance telecom ltd," the agency said.