2G case: CBI grills realty firm exec for ADAG links

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Continuing its probe into the financial dealings of Anil Ambani-led ADAG in connection with the 2G spectrum allocation scam, the CBI today questioned a top executive of realty and infrastructure firm for links with the group.

Official sources said the agency today questioned Amit Sarin, Director and CEO of Anant Raj Industries.

"We had entered into a joint venture with ADAG six years back for two hotels and we were called to CBI to explain our financial dealings with that company," Sarin told PTI after he was questioned by the agency.

He maintained that his company had no role to play in the 2G scam.

Today's questioning comes days after the agency told a court here that Reliance had stakes in Swan Telecom which was one of the companies that had bagged the 2G spectrum licence.

The agency has already done a round of questioning with Ambani recently.

Rejecting the bail pleas of Swan Telecom promoter Shahid Usman Balwa and R K Chandolia, former personal secretary of former telecom minister A Raja, Special CBI Judge O P Saini had said "M/s Reliance Telecom of ADAG group of companies had already been granted license in some circles and, as such, M/s Swan Telecom Pvt Ltd, its associate company, was not eligible for license."

The court said Swam Telecom should not have applied for licences in the first place as it was incorporated by the Reliance group of companies and thus was ineligible.

Meanwhile, the CBI today also questioned Sanjeev Agha, CEO of Idea Cellular in connection with the scam.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2011 | 8:11 PM IST

Next Story