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LATEST NEWS UPDATES | CBI assesses 2G loss to Rs30,000 cr

CBI assesses 2G loss to Rs30,000 cr

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published Published on Jul 24, 2011   modified Modified on Jul 24, 2011
-The Times of India
 
CBI on Saturday concluded its arguments on framing of charges against the accused in the 2G scam saying that going purely by the note on revision of licence fee by Indian Revenue Service officer Manju Madhavan or the PM's letter, a loss of Rs 30,000 crore has been caused to the public exchequer due to the scam.

Concluding his arguments, special public prosecutor U U Lalit said besides Raja, others involved in the scam that caused huge loss to the exchequer, included former telecom secretary Siddhartha Behura, Raja's aide aide R K Chandolia and corporate honchos Shahid Balwa, Vinod Goenka and Sanjay Chandra. "The figure of Rs 30,000 crore would be across the board. But on basis of material before the court relating to Swan Telecom and Unitech Telecom, a loss of Rs 7,100 crore has been caused," Lalit said.

Lalit pointed out that except the current spectrum licence, Swan had no other licence and even Unitech Wireless was ineligible for the spectrum. While pressing on all the charges that the CBI has levelled against various accused in the charge sheet, Lalit argued that charges under Sections 192 (for fabricating false evidence) and 193 (the punishment for false evidence) under Indian Penal Code is also made out against them.

The CBI had begun its arguments on framing of charges against the 17 accused in the case from July 21. With the CBI completing its arguments on framing of charges against Raja and 16 others, including 3 telecom firms, the former minister will begin his arguments from July 25.

The Times of India, 24 July, 2011, http://timesofindia.indiatimes.com/india/CBI-assesses-2G-loss-to-Rs30000-cr/articleshow/9340493.cms


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