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2G verdict: There was no wrongdoing on our part, says Unitech M D Chandra

Chandra said he had complete faith in the judiciary from the start and he is extremely grateful

Press Trust of India  |  New Delhi 

Sanjay Chandra, Unitech, 2G scam verdict
Sanjay Chandra, MD, Unitech

Within hours of acquittal in the 2G spectrum allocation case by a special court, M D said there was no wrongdoing on his part but his company had to pay the price for the case foisted on him.

Anil Ambani-led Group also welcomed the court verdict.

Former telecom minister and MP were today acquitted by a special court in the case. Fifteen other accused and three companies were also acquitted.

"There was no wrongdoing on my part or on the part of my companies," Chandra said in a statement.

"However, the damage suffered by me and the companies continues to affect the health and financial status of my company and they continue to pay the price for this case having been foisted on us fraudulently and without any basis," he added.

Besides Raja and Kanimozhi, the others acquitted in the case are former telecom secretary Siddharth Behura, Raja's erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, MD and three top executives of Anil Dhirubhai Ambani Group (RADAG) -- Gautam Doshi, Surendra Pipara and Hari Nair.

Chandra said he had complete faith in the judiciary from the start and he is extremely grateful that the honourable court has acquitted him of all charges.

"We had placed a robust defence rebutting each and every charge against us and today is a vindication of all I have stated in the past 7 years," said Chandra, as he thanked all his shareholders, staff, family and lawyers who stood by him through the difficult time.

MD said he will use the opportunity to rebuild the company and "focus on delivery to all our home buyers".

In a brief statement, the Group said it "welcomes court verdict".

First Published: Thu, December 21 2017. 14:36 IST