Surplus spectrum: Court reserves order on charge for Sept 26

Image
Press Trust of India New Delhi
Last Updated : Aug 31 2015 | 7:22 PM IST
A special court today reserved for next month its order on framing charges in the 2002 additional spectrum allocation case in which former Telecom Secretary Shyamal Ghosh and three telecom companies were chargesheeted by the CBI.
Special CBI Judge O P Saini also reserved the order on the bail plea of Ghosh after concluding hearing the arguments.
The court said since records of the case were voluminous and technical in nature, sufficient time was required to go through them before passing order.
"Arguments on charge are complete for both parties. Since the record of the case is voluminous and technical in nature and the arguments for the parties also continued for more than two weeks, sufficient time is required to go through the massive record," the judge said.
"Accordingly, put up the matter for order on charge as well as bail application of accused Shyamal Ghosh on September 26," the court said.
The court also gave liberty to the CBI as well as accused to file written submissions within seven days.
Ghosh and three telecom firms -- Hutchison Max (P)Ltd, Sterling Cellular Ltd and Bharti Cellular Ltd -- were chargesheeted by CBI in the case relating to Department of Telecom allocating additional spectrum that had allegedly resulted in a loss of Rs 846 crore to the exchequer.
CBI had earlier argued that Ghosh had given additional spectrum to telecom companies at "throwaway prices" causing a huge loss to the exchequer.
Ghosh had countered CBI's submissions arguing that private companies were not the only beneficiaries of surplus radio waves, but state-run MTNL and BSNL had also benefitted.
He had asserted that it cannot be said that allocation was done primarily to benefit private companies and that he had not abused his official position in any manner.
Similarly, the accused firms had also countered CBI's loss theory saying the companies were allotted "spare radio waves" which would have caused gain to the government.
*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: Aug 31 2015 | 7:22 PM IST

Next Story