'Unitech was ready for 2G spectrum in advance'

Unitech Ltd, facing trial in the 2G spectrum allocation case, had readied itself four months in advance with the demand draft to secure the government's letters of intent for grant of radio waves to it, a former executive of the firm told a Delhi court on Wednesday. Mohit Gupta, who worked as an executive in Unitech Ltd from March 2007 to May 2010, told the court the firm had got its demand drafts ready in October 2007 itself as an "act of preparedness" despite it amounting to blocking huge money.