Reliance ADAG officials conspired to circumvent DoT policy: HC
Reliance ADAG executives not only created a "web of companies" but also conspired to circumvent the DoT policy to get maximum out of the 2G scam, the Delhi high court today said while refusing them to give them bail in the case.india Updated: May 23, 2011 19:54 IST
Reliance ADAG executives not only created a "web of companies" but also conspired to circumvent the DoT policy to get maximum out of the 2G scam, the Delhi high court on Monday said while refusing them to give them bail in the case.
ADAG Group MD Gautam Doshi, its Group President Surendra Pipara and Vice-President Hari Nair, who were named as accused in the first chargesheet by CBI, were "in league" to achieve the "end of conspiracy" in 2G spectrum scam, Justice Ajit Bharihoke said.
"The charge sheet prima facie discloses that the three top Reliance officials facilitated commission of offence by creating a web of companies with a view to concealing the fact that Swan Telecom, which was floated with the object to achieve the end of the conspiracy, was ineligible to get UAS Licences on the date of application as on the said day, it was controlled by Relaince ADAG," Justice Bharihoke said.
"In order to achieve the end of conspiracy, Hari Nair, in league with Gautam Doshi and Surendra Pipara, falsified the records... Charge sheet reveals that they entered into a criminal conspiracy with the object to enable Reliance ADA Group Companies to get UAS Licences for 13 circles which they were not eligible to get," the court said.
Besides the three, Reliance Communications Ltd is also an accused in the case.
They are accused of creating shell firms like Swan Telecom, Zebra Consultancy Services, Giraffe Consultancy Private Ltd and Parrot Consultants to create a web in which no company is a holding firm and the officials are the real masters, the court said.
First Published: May 23, 2011 19:53 IST