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2G spectrum scam: CBI gets representations on behalf of Ruias of Essar group

Posted by on June 28, 2011 0 Comment

The Central Bureau of Investigation (CBI), probing the 2G spectrum allocation scam, has received representation from various eminent persons, including a former Chief Justice of India and a former Solicitor-General of India, who have given their views about the Ruias, owner of Essar business conglomerate.

Essar group has been linked with Loop Telecom that got licenses in 21 circles in January 2008.

In February this year, the CBI had questioned Essar group CEO Prashant Ruia in connection with the alleged role of the company with Loop Telecom. The agency had quizzed him about the alleged association of Essar with Loop Telecom which came under scanner of the CBI which had registered the case in October 2009.

Sources in the CBI said on Tuesday that the representations were mainly in the nature of giving a “good character” certificate to the Ruias, who own Essar group, but say nothing specifically pertaining to the 2G spectrum case and the two chargesheets which the agency has already filed in the competent court here.

The Ruias allegedly used a company, Loop Telecom, as a front to acquire more licenses and spectrum than legally permitted in 2008 when A. Raja was the Telecom Minister. Mr. Raja, a DMK leader, is now chargesheeted in the 2G spectrum case, and lodged in Central Tihar jail here.

Essar has claimed that its stake in Loop at the time of application of 2G licenses was only 2.15 per cent and later it came down to 1.5 per cent.

The sources said that Ruias sought legal opinion from former Chief Justice of India Justice V. N. Khare and former Solicitor General Harish Salve. Highly placed sources in the CBI said that Ruia’s representation would not have any bearing on the ongoing investigations and the third chargesheet which the agency is planning to file in the first week of July. Hindu

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