HC reserves order on corporates? bail
The Delhi High Court on Monday reserved order on bail petition of top five corporate executives arrested in 2G spectrum allocation scam.
However, the court did not fix any further date for the order.
A special court of the CBI had earlier rejected interim bail pleas after hearing the applications moved by Vinod Goenka of Swan Telecom, Sanjay Chandra of Unitech, and three officials of the Reliance Anil Dhirubhani Ambani group -Gautam Doshi, Hari Nair and Surendra Pipara.
The corporates were remanded to 14-day judicial custody.
The Central Bureau of Investigation (CBI) had named the five corporate along with former telecoms minister A Raja, his personal aide RK Chandolia, former telecoms secretary Siddhartha Behura, and Swan Telecom promoter Shahid Balwa in its 80,000-page chargesheet.
In perhaps the biggest scam in Independent India, allegedly masterminded by ex-minister A Raja, telecoms spectrum was given away at throwaway prices in 2008 causing a potential revenue loss of up to Rs 1.76 lakh crore.
