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Shares of D B Realty, Unitech and Sun TV Network have surged up to 20% after the Supreme Court acquitted all accused in 2G spectrum scam.
Pronouncing its verdict in the Rs 1.76-lakh-crore 2G spectrum scam, the Central Bureau of Investigation (CBI) special court of judge O P Saini on Thursday acquitted all accused, including former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam (DMK) member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias, as the prosecution failed to prove the case against them, the Business Standard report suggested.
Pronouncing its verdict in the Rs 1.76-lakh-crore 2G spectrum scam, the Central Bureau of Investigation (CBI) special court of judge O P Saini on Thursday acquitted all accused, including former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam (DMK) member Kanimozhi and corporate executives like Swan Telecom’s Shahid Balwa, Unitech’s Sanjay Chandra and the Essar group’s Ruias, as the prosecution failed to prove the case against them, the Business Standard report suggested.
