Senior advocate Mukul Rohatgi, appearing for Essar Group promoters Ravi Ruia and Anshuman Ruia, said there cannot be intention to cheat when all the facts were available with the government.
"The point which I am trying to tell is that there cannot be any concept of cheating when the person who is giving the licences is aware of what he is doing. He examines everything as there is some controversy.
"He knows there is nothing wrong or deceptive in it. Government found there is no irregularity and illegality in giving licence to this company," he told Special CBI Judge O P Saini.
Opposing the framing of charges against Ruias, Rohatgi said when all the facts are available, it cannot be cheating. It can be termed as cheating, when the facts are wrong and they are created, he added.
"There is no question of cheating. If we know all the facts then how is it cheating? Before licences were issued, a full examination takes place and it is clear from the stand of the government that whole thing was probed and then licences were given," he argued.
The CBI, in its charge sheet filed on December 12 last year, had named Essar Group promoters Ravi Ruia and Anshuman Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan, besides Essar Group Director (Strategy and Planning) Vikash Saraf as accused in the case.
Besides the five persons, three companies -- Loop Telecom Pvt Ltd, Loop Mobile India Ltd and Essar Teleholdings Ltd -- are also accused in the case. (More)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
