'Court didn't give credence to documentary evidence in 2G case'

The special CBI court dealing with the 2G spectrum case did not pay much attention to the documentary evidence presented before it but relied more on the oral evidence of the accused, sources said.

"The court has not given much credence to the written and documentary evidence. However it relied more on the oral statement of the accused in the 2G case," a source privy to the investigation said after going through the judgement.

The remarks came after the Special CBI court acquitted all the accused in the alleged 2G spectrum case.

He also said the court which was given documentary evidences running in lakhs of pages did not pay much heed to that.

Explaining his point, the source said, "Rs 200 crore was borrowed by Kairali TV from the market at an interest rate of 14 per cent, while the same amount was given to Kairali TV at an interest rate of 5 per cent rate."

"The amount was repaid after the case was lodged by the agency," the source added.

The source also said that as the spectrum was being allotted on first-come first-serve basis as per the 2001 policy, it helped many companies to be ready with the draft amount at short notice.

"Even many front companies were created to bid for extra circles during the spectrum allocation, and those were later sold at higher rates," he said.

"And it was a Supreme Court-monitored probe and the status report was filed periodically," he added.

--IANS

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